Chris Casey, founder and chief executive of Lync.NET, has launched a new venture called Wealth Management Technologies, in Park City, Utah.

WealthTechs is focused solely on client reporting, billing and client web access through its flagship product ClearView.

ClearView is currently in alpha testing with three well-known wealth management firms, with beta testing due to be completed by July, Casey said in a statement.

"We created the WealthTechs organisation to build a product to satisfy the growing demand for an inexpensive, yet powerful client reporting, billing and real time client web access system for wealth and institutional asset managers," he said.

Lync.Net was acquired by Satuit Technologies in March.