PWS, which provides investment reporting software and services to HNWIs and wealth professionals, has added self-administration and enhanced multi-currency capabilities.

Private Wealth Systems has unleashed the next release of its account aggregation and consolidated investment reporting platform.

The latest version of its software platform includes the ability for high net worth investors, family office staff and wealth managers to manage their own data; users can now directly create and edit their own entities, accounts, securities and transactions, it said.

PWS has also expanded its account aggregation capabilities and added a range of multi-currency reporting options, alongside “drill-down” capabilities so users can look through partnerships and other complex entity structures.

PWS says for wealth managers the firm, which is subscription-based, reduces the operational burden and regulatory costs of omni-channel client reporting while providing a full view of clients’ global portfolios. For individuals with complex wealth, meanwhile, it serves as a mobile “personal financial management” application.