Söderberg & Partners adds performance reporting tool from WealthSweet to tech stack

23 Feb 2024

Söderberg & Partners has added a portfolio performance reporting tool by Morpheus Wealth to its tool set.

The WealthSweet Performance Analysis tool is the first microservice in the Portfolio reporting framework. It will give advisers the ability to undertake both time-weighted and money-weighted performance across a range of time periods and accounts through a user-friendly interface.

Advisers will be able to show capital and income returns across single and multiple accounts. It will provide charting, benchmarks, summary performance and individual asset attribution.

All of this functionality is delivered in an intuitive, modern, cloud-based and secure way, and is fully integrated with Söderberg’s platform infrastructure.

Morpheus Wealth is a software business which focuses on the wealth management sector. Headed by microservices specialist Ray Tubman, the firm builds innovative technology solutions for financial services businesses.

Nick Raine, Chief Executive Officer, Söderberg & Partners UK, said: “I am delighted to be partnering with Ray Tubman again. Ray and his team have provided market-leading tooling in the UK platform space, and in this instance they delivered in record time with seamless integration into our platform. We are sure our platform users will find the Portfolio Performance Reporting tool simple to use and flexible enough to produce the specific data they require.”

Ray Tubman, Founder of Morpheus Wealth, added: “It is a pleasure to be able to work with Nick and the team at Söderberg to help create a unique and advanced portfolio performance reporting solution. We expect this to bring excellent benefits for those advisers using the Söderberg platform, and we look forward to delivering the interesting extensions of this microservice we have planned for the future.”

Last year Söderberg & Partners confirmed its upcoming platform launch to be powered by Seccl. Revealing also that this partnership would be the first in a line of tech tie-ups as the group works to help financial advisers become more efficient through technology.