Wealthtech firm Allfunds has launched the latest version of its flagship portfolio management tool, Nextportfolio 4.

Allfunds said the tool for wealth managers, advisers and portfolio managers strengthened its subscription business value proposition.

Nextportfolio aims to give users a full view of their clients’ investments and gives them access to digitised tools to help define the right product offering for their clients and gain oversight of industry trends.

The latest version builds on the existing tool, leveraging data-driven analysis with artificial intelligence (AI) to offer instant insights.

Nextportfolio 4 includes integrated AI to provide analysis on portfolio holdings, product offering and market overview, among other features.

It also has a ‘Portfolio Health’ engine, which automatically reviews investment strategies and portfolios, and alerts and task management that seek to enable advisers to capture insights.

The tool has a ‘Central Hub’ that is built up in different layers, seeking to allow configuration of rules of engagement and workflows based on business needs.

Allfunds said the latest version of the proposition reduced manual work through automated compliance checks, reporting, and portfolio analysis, enabling managers to focus on strategy execution and decision making on behalf of their clients.

“In today's rapidly evolving wealth management landscape, innovation isn't optional—it's essential,” stated Allfunds chief strategy and product officer, Juan de Palacios.

“Nextportfolio 4 represents our commitment to transforming complex portfolio challenges into competitive advantages for our clients.

“By integrating advanced AI capabilities with enhanced customisation and automation, we're not just improving efficiency; we're fundamentally changing how wealth managers deliver value to their clients.

“This release reflects our deep understanding of the industry's evolving needs and our dedication to providing solutions that anticipate tomorrow's challenges while solving today's problems.”

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