Linedata, a global solutions provider for the investment management industry, has reinforced its longview for wealth managers platform by introducing several new portfolio management tools.

The upgrade comes at a time when the wealth management market is becoming more complex, due to client demands, customer innovation, internal mandates and external compliance requirements. As such, the platform’s new tools include the capabilities to support model management, comprehensive compliance including Regulation 9 reporting and a web-based portfolio management dashboard that allows firms to create customised views for their portfolio managers and advisors.

“As wealth managers look at their current and future business requirements, it is apparent that front office platforms offering integrated portfolio management, order management, compliance and reporting are vital technology tools for driving their success,” said Gavin Little-Gill, global head of front office and middle office asset management at Linedata.

According to the firm, wealth managers must invest in technology such as online platforms, in order to increase growth and avoid current consolidation trends. As such, Linedata hopes that the overhaul of its OMS will assist its current 45 clients with future portfolio management and growth.

France-headquartered Linedata said the improvements would be rolled out over the remainder of 2013.