The Life Management Group, based in the US, has introduced clients to its next-generation wealth management platform, which includes Adhesion's Unified Managed Account and Client Reporting platform, according to Wall Street & Technology.

"With the WealthADV platform the process of investing our clients' assets is much more efficient and I am able to monitor the implementation and performance of our investment strategies on-line from anywhere," Michael Beduze, TLMG's founder and CEO, was quoted as saying in the report. WealthTechBriefing was unable to immediately reach the firm for a comment. 

"In the past, rebalancing, trading and account reconciliation used resources that we now can direct to enhancing other client services,” he said.

Its multi-custodian wealth management platform also provides outsourced reconciliation, reporting, overlay portfolio management and trading.

Other features include a 24/7 Internet based "investor console" to view holdings and returns.