WealthWorks+

WealthWorks+ is a browser-based administration and compliance platform from thewealthworks, a UK software company in Handcross, West Sussex, for trust and corporate service providers, family offices, private client practitioners and other firms that run complex wealth structures. It covers UK and offshore trusts, companies, partnerships, funds, foundations, family investment companies, individuals and estates.

The platform handles entity onboarding with multi-level approval, a CRM of entity relationships and intermediaries that feeds organisational charts, and registers for directors, secretaries, trustees and advisers. Company secretarial tools keep share registers and member ledgers, generate minutes and prepare statutory returns for jurisdictions including the Channel Islands and Gibraltar. Compliance features include a risk dashboard for customer due diligence and client reviews, data capture for FATCA, CRS and DAC6 with XML exports, and fields for the UK Trust Registration Service. Role-based dashboards report assets under management across clients and work in progress for time and billing.

thewealthworks traces its software to Troika, a trust accounting system commissioned in 1995 by a family office, an offshore trust company and a UK corporate trust company through a company called FinApps, which was renamed thewealthworks in 2009. It also sells Troika Accounting. The firm says it has more than 500 users in the UK, the Channel Islands, continental Europe, the Caribbean, Asia and Africa, with partners in the British Virgin Islands and Singapore. Pricing is by quote.