ClientRep Lite meant for firms that have crossed the $250-million threshold. Unapen, a business consultancy and technology provider to the financial-service industry, has released ClientRep Lite 3.8, a version of its ClientRep reporting platform with many of the features of the original but offered at a price point more suited to smaller advisories.

"We typically begin to see advisors come to us for a reporting solution as they cross the $250 million under management mark," says Unapen managing director and co-founder David Gemma. "These wealth advisors and family offices have either outgrown the base reports from their portfolio accounting system or have simply become over-burdened by their manual reporting process, which can easily take over a month to complete as they cobble data together."

Easy upgrade

ClientRep Lite is meant to help these smaller firms achieve higher standards of client communications in order to compete more effectively with larger outfits. The 3.8 version of ClientRep churns out sharp-looking and graphically rich reports on paper and for secure electronic delivery.

ClientRep and ClientRepLite both provide automatic integration of information from portfolio accounting systems such as Advent's Axys and Schwab's PortfolioCenter, CRM systems such as Sage's SalesLogix and Act4Advisors, Microsoft Office documents, investment-policy statements, and other third-party data providers such as Morningstar, Thomson-Reuters and QuickBooks.

With ClientRep Lite on the same technology platform as the original ClientRep it's "a smooth and simple upgrade path to the full version of the product at any point, ensuring that it is a good investment for your business both today and in the future," according to Unapen product manager David Hausler."

Wallingford, Conn.-based Unapen helps wealth managers, family offices, banks, trust companies and institutional asset managers streamline operations and workflow across organizations with a view to helping them grow assets and minimize overhead. -FWR

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