WealthWorks+

WealthWorks+ is an advanced software solution designed to streamline the administration and compliance of various wealth structures. According to the vendor, this comprehensive solution caters to organizations of any size and is commonly used in financial services, wealth management, trust and estate planning, corporate services, and family offices.

Key Features

Entity Compliance Details: According to the vendor, WealthWorks+ offers a compliance and risk dashboard that helps manage Anti-Money Laundering and global compliance obligations. It allows for the capture of data related to classification and registration requirements essential for FATCA, CRS, and DAC6 reporting. The software also assists with CRS obligations by maintaining AEOI reportable accounts.

Advanced Web-Technology: WealthWorks+ is built using a powerful and advanced web-framework, enabling a responsive and universal platform. According to the vendor, this reduces user training needs and ensures compatibility across various devices, including tablets and MACs. Users can access all the functionality without the need for a download, making it scalable for organizations of any size. The software provides pre-defined user roles and customizable options to maximize efficiency, along with built-in technical support.

Entity Administration: According to the vendor, WealthWorks+ efficiently manages various trust types, limited company structures, FICs, Foundations, Limited Partnerships, and more. It offers entity on-boarding workflows with multi-level approval and supports multiple companies, funds, currencies, and managers. The software includes a complete CRM of entity relationships and intermediaries, providing real-time updates to built-in organizational charts and relationship trees. Bulk assignment of addresses and registers for Directors, Secretaries, Trustees, and Professional Advisors is also supported.

Dashboards and Reporting: WealthWorks+ provides integrated role-based dashboards and accessible export options, according to the vendor. This enables faster and simpler access to necessary information. The software offers comprehensive AUM dashboards for cross-client portfolio analysis of cash, investments, and asset holdings. The management dashboard allows for global management of WIP (Work in Progress), including billed recoverability per client, search capabilities across clients, and entity-level time and billing reports. Extensive exports and standard reports with user-definable options enhance reporting and data surfacing.

Company Secretarial: According to the vendor, WealthWorks+ offers comprehensive company secretarial functionality. It maintains a complete history of corporate changes within the company registers and tracks all share activity within the full share registers and member ledgers. The software automates the completion and submission of statutory returns for various international jurisdictions. Generating customizable minutes that are automatically linked to an entity meeting record is straightforward. It also facilitates the management of entity level sales and purchase ledgers, including digital VAT return record-keeping and submission for UK registered entities.