Central Trust & Investment Company has opted for a new wealth management platform from InvestEdge, the technology firm specializing in solutions for high net worth and ultra high net worth portfolios.

The Midwestern wealth manager, which has around $4.5 billion in total client assets, said it believes that centralizing tasks such as portfolio management, performance measurement, client reporting, and compliance monitoring will enhance the business as a whole.

InvestEdge said in a statement it expects to add another eight clients this year and reach 60 by the end of 2012. Some of the major firms using its platform are Wilmington Trust, Glenmede Trust, Keybank, Huntington National Bank, TD Bank, and Greycourt and Co.

Central Trust & Investment Company offers asset management throughout Missouri including in St Louis, Kansas City, Springfield, Columbia, and Jefferson City.