Third Financial Software, a London-based technology company that delivers software solutions to the wealth management industry, has rolled out a new risk management product alongside Hal Hovland, chief executive of e-portals, a UK region internet firm.

The product will deliver a summary of risk information to investment managers, using automated alerts to keep abreast of risk exposures. This is the first integrated risk engine for wealth managers, enabling users to access value-at-risk statistics in real time, through a single view.

The intellectual property right for the new module is owned by Third Financial Software. It is designed to calculate VaR scenarios in real-time, providing risk and performance analytics and greater transparency into clients’ risk exposures.

“It is imperative today that any wealth management software solution has risk management capabilities built in as an integral part of the application. This allows wealth managers to focus on managing investors portfolio’s, whilst having the confidence of knowing the system is proactively tracking complex risk exposure scenarios and ensuring compliance rules are met,” said Stewart Foster, director and founder, Third Financial Software.