Interactive Advisory Software, which provides a web-based wealth management platform for independent financial advisors, has introduced a new reporting tool, Reports 360°, to its Solution 360° technology.

The new software-as-a-service-based tool provides clients with a reporting function that pulls data and information from across the Solution 360° platform, including portfolio management, financial planning, CRM and rebalancing, and compiles this for client presentations.

Advisors can then customize report format, layout and content to fit their needs, the firm said. The reports tool comes with a library of templates and an editing tool, and changes can be made at a firm-wide level or to suit individual client preferences.

“Advisors no longer need to spend significant time on running reports from each individual system and then compiling the data for client presentation,” said IAS chief executive John Philpott.