Bern, Switzerland
19 May 2017
Reporter: Becky Butcher

Profile Software enhances services ahead of MiFID II


Profile Software has upgraded its web-based platform for wealth management, known as Axia, with new advisory service capabilities, ahead of implementation deadline of the second Markets in Financial Instruments Directive (MiFID II).

Axia has been continuously improved to accommodate new functionality across various wealth management services in anticipation of MiFID II’s 3 January 2018 deadline.

The latest update includes an enhancement to its advisory services, as well as improvements to investment strategies allowing the definition of multi-dimensional model portfolios and tactical asset allocations that can group (if needed) a number of financial products.

According to Profile Software, Axia also includes functions that relate to charges management, portfolio risk analytics, SWIFT interface, integration with numerous major international banks as well as rule-based alerts.

The platform can be used either onsite or in a secure private cloud environment.

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