Technology firm out with new iteration of wealth-management-practice portal. Wealth-management platform integrator NorthStar Systems International has launched NorthStar 5.0, the latest edition of its advisor desktop. It's supposed to streamline workflows and help advisors do a better job of managing their clients and investment products.

Combination

"NorthStar 5.0 represents the industry's most robust, most progressive, best practices-driven 360-degree client wealth management platform, providing advisors with seamless, automated access to the tools and information they need to provide high quality, compliant investment services," says NorthStar's president Collin Cohen. "The combination of our pioneering Client Hierarchy, an extensive yet easy-to-use product catalog, and flexible entitlements approach allows advisors to multiply the amount of quality time they can spend with clients and prospects."

NorthStar 5.0 comes as installed software or as an ASP and as a whole suite or in functionality pieces, depending on what the firm wants.

San Francisco-based Northstar mainly targets banks, trust companies, broker-dealers, money managers and family offices. Among its clients are Schwab, Legg Mason, Merrill Lynch, Wachovia Securities, BlackRock and several large banks. -FWR