Collins Stewart Wealth Management, part of UK-listed financial services firm Collins Stewart, has enhanced its administration services for UK intermediaries and private clients with a new online portfolio valuation tool.

Using the portfolio valuation tool, Collins Stewart’s clients will be able to view: daily updated valuations detailing income positions and capital gains tax positions if applicable; transaction histories for current holdings, along with details of contracts and previous cash transactions, and income reports. The tool also enables intermediaries to produce consolidated valuations of clients’ portfolios and gather information such as which clients hold certain stocks.

“Client service and client communications are central to our business and this investment in our on-line services is another important milestone for us. The delivery of this software represents a significant upgrade to our online service capabilities. As an independent wealth manager practising open architecture, we believe transparency is critical to ensure our clients retain their trust and confidence in us,” said Neil Darke, head of wealth and fund management at Collins Stewart.

The portfolio valuation tool is now available to Collins Stewart’s onshore clients, and will be made available to offshore clients later in the year.