The latest digital and technology innovations, product and service developments in the world's wealth management sector.

Ledgex
Technology firm Ledgex, which works with family offices, foundations and multi-strategy managers, has added new capabilities to Ledgex Pro, the multi-asset class portfolio accounting solution. The business is based in Waltham, Massachusetts.

The offering enables clients to track relationships, beneficiaries and investors rapidly and efficiently and calculate individual ownership percentages for each, the firm said in a statement. Users can see family member financial statements, along with all direct and indirect holdings, using “look-thru” reporting. 

“While the needs of family offices have grown dramatically over the past decade, most technology vendors have failed to keep pace, so their solutions are outdated and very limiting,” Nicole Eberhardt, chief strategy officer at Ledgex, said.

Ledgex Pro gives users the ability to see and manage data across multiple views. Furthermore, it features a Confidence Index with advanced algorithms which assess a level of confidence to underlying data. This presents critical portfolio details in a whole new light, eliminating countless hours that operations teams would otherwise spend proving data quality, while allowing them to focus on unlocking data insights for stronger performance.