The provider of reporting solutions for the high and ultra high net worth advisor and investor community has made seven hires from firms including Black Diamond and Charles Schwab.

Wealth Access, the high net worth financial management platform, has hired seven senior technology and financial services veterans, while also reporting strong year-on-year growth.

The firm said it now reports on over $20 billion - a 350 per cent increase year-over-year - and has logged a 1,437 per cent growth - a 14-fold increase - in active users during this time.

Joining Wealth Access are: Doug McPhail, director of sales engineering; Paul Polese, vice president of business development; Ellen Smith, vice president of sales; Will Cooper, vice president of operations and client service; Brian Semitekol, chief financial officer; Jeff Norris, senior user experience architect; and Kanchana Chalia, senior software engineer.

McPhail previously held senior roles at Charles Schwab and Black Diamond; Polese was director of investment advisory solutions at Envestnet – Placemark; Smith is latterly of eMoney Advisor; Cooper joins from Black Diamond; Semitekol previously worked at Shareholder Insite (now Ipreo); Norris is previously of Underwrites Laboratory; and Chalia joins from Symantec.

Wealth Access targets primarily the RIA market, but has also partnered with regional broker-dealers, single family offices and banks, among other organizations.