AXA Advisors, LLC has chosen a Web-based financial-planning platform by NaviPlan to be rolled out throughout this year. AXA Advisors will use the NaviPlan Enterprise Solution's entitlements to allow specific customers to use the appropriate tools depending on their clients' needs. According to a press release, AXA Advisors chose NaviPlan for its depth and breadth of functionality to support all wealth segments, maturity of Web-based technology, and ability to adapt to a highly customized platform.
JBWere, an Australian investment house, is implementing a portfolio-management system from Misys Asset Management Systems. The solution, Apollo for Personal Wealth Management, will be rolled out across JBWere's retail division later this year. Apollo, which includes tools for analysis, valuation and pricing as well as a client-reporting database and tools, will be used for bulk processing, modeling and performance reporting.
Credit Lyonnais Asset Management Group has replaced SmartStream Technologies' Corona reconciliation system with Smatch, a reconciliation and exception-management system from Brussels-based Monro Business Softwares (Monrosoft). The product, which has already been implemented in its Paris office and with plans for extension across the group, is being applied for cash and securities reconciliation processing, integrated exception and investigations management and operational-risk control.