Financial Risk Solutions

What Financial Risk Solutions does

Financial Risk Solutions Limited (FRS), founded in Dublin in 1999 by four senior actuaries, develops and licenses InvestPro, a purpose-built investment administration platform that automates unit pricing, NAV calculation, cash allocation, rebalancing, trade order management, reconciliations, and regulatory reporting for unit-linked funds, fund-of-funds and Target Date Fund structures. The platform is a SQL-database application deployed either on-premise or cloud-hosted, with add-on modules covering Solvency II QRTs and unit matching, PRIIPs KID production, box management, capital gains tax (Invest|Tax), a self-service wealth portal (InvestRetail), a governance/risk/compliance layer (InvestGRC), and a continuous-deployment DevOps service. Customers are predominantly blue-chip life assurers, wealth managers, asset managers, superannuation funds, and outsourced fund administrators across EMEA, North America and Asia-Pacific.

FRS sells exclusively through direct enterprise field sales with multi-year, quote-based contracts; pricing varies with deployment model, fund count, modules selected, and geographic scope. Revenue is generated from software licensing (recurring) and implementation professional services. The company has 65+ clients, manages more than 150,000 funds on the platform daily, and is integrated with Morningstar, Bloomberg, Thomson Reuters, Silverfinch, Fitch and Moody's for look-through and market data. Since December 2018 FRS has been a wholly-owned subsidiary of Aquila Software, part of Constellation Software Inc.; it operates from headquarters in Dublin and regional offices in London, Boston, North Sydney and Hong Kong, and has won repeated industry recognition including six Irish Pensions Awards (2019–2025) and a 2023 WealthTech 100 listing. InvestPro also holds ISO/IEC 27001:2022 certification.

Name

Financial Risk Solutions

Legal name

Financial Risk Solutions Limited

Website

https://frsltd.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

Financial Risk Solutions (FRS) builds InvestPro, an investment administration platform that automates unit pricing, NAV calculation, rebalancing, trade orders and regulatory reporting for life insurers, wealth managers, asset managers and BPOs, serving 65+ enterprise clients globally.

Ownership category

akta.pro rank

Product category

Investment Administration Software

NAICS

Open-End Investment Funds (525910), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Prudential & Market Risk Management (VaR, Stress, Limits) (FSACAJAF)

Keywords

• Investment administration software
• Unit-linked fund platform
• Solvency II reporting software
• Fund accounting automation
• Wealth management platform

Headquarters

HQ city

Dublin

HQ country

Ireland

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Software Licensing: FRS licenses InvestPro software to life assurance, wealth, and asset management firms. Software is deployed either on-premise or cloud-hosted (SaaS model), providing recurring licensing revenue based on the scope of deployment and number of funds managed.
2. Professional Services: Implementation consulting services supporting clients through discovery, development, delivery and support phases. Includes configuration of business rules, testing support, training, and ongoing operational support.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Financial Risk Solutions develops and licenses InvestPro, an investment administration platform that automates unit pricing, NAV calculation, cash allocation and rebalancing, trade order management, reconciliations, fund performance, and regulatory reporting (Solvency II, PRIIPs, MiFID II) for life assurance, wealth management, asset management, outsourced fund administration, and superannuation firms. The platform is delivered on-premise or cloud-hosted (SaaS), accompanied by implementation, configuration, training, and ongoing support services, with modular add-ons such as InvestGRC, Invest|Tax, and InvestRetail.

Product overview

Financial Risk Solutions offers InvestPro, a unified investment administration platform with modular architecture. The core InvestPro platform handles fund manufacturing, unit pricing, NAV calculation, cash allocation and rebalancing, trade order management, reconciliations, general ledger, and fund performance. Add-on modules include InvestGRC (governance, risk and compliance with Solvency II QRTs and PRIIPs KID production), Invest|Tax (capital gains tax reporting), InvestRetail (self-service web portal), and specialized modules for Box Management, Solvency II Unit Matching, and Continuous Deployment. The platform is delivered on-premise or cloud-hosted and serves life assurance, wealth management, asset management, outsourced fund administration, superannuation, and North American life and annuity firms.

Differentiator

Problem solved

Functional benefit

Brands

• InvestPro: Advanced cloud-based investment administration software that automates end-to-end investment operations lifecycle for Target Date Funds and Fund-of-Funds structures.
• InvestRetail
• InvestGRC
• Invest|Tax

Products and services

• InvestPro Flagship investment administration platform that automates fund manufacturing, unit pricing, NAV calculation, cash allocation, rebalancing, trade order management, reconciliations, and regulatory reporting for life assurance, wealth management, asset management, and outsourced fund administration firms. Deployed on-premise or cloud-hosted (SaaS).
• InvestGRC Governance, Risk and Compliance module that aggregates asset positions, produces Solvency II quantitative reporting templates (QRTs), enables PRIIPs KID production, and provides automated compliance and risk management oversight for life assurance and investment firms.
• Invest|Tax Stand-alone module that calculates and reports non-resident capital gains tax on UK real estate investments, helping wealth, life, and asset managers comply with UK tax rules.
• InvestRetail

Quantifiable outcome

• 35% cost savings and operational efficiencies achieved by Aviva Life & Pensions Ireland
• +3 more outcomes

Named customers16 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature8 records

Partnerships

Four partnerships are on record, tiered core.

• BybitcoreTechnology or Integration · 28 April 2026Bybit selected FRS InvestPro software to support European PRIIPs compliance, enabling the cryptocurrency exchange to meet regulatory requirements for Key Information Documents.
• Shepherds FriendlycoreTechnology or Integration · 26 January 2026Shepherds Friendly partnered with FRS to introduce a new unit-linked Stocks and Shares ISA in the UK, expanding its existing ISA range. The product was developed with consumer feedback and is managed by Royal London Asset Management, aiming to meet increasing demand for such investment options.
• Royal London Asset ManagementcoreStrategic or Co-development Partner · 1 June 2021Royal London Asset Management manages the new unit-linked Stocks and Shares ISA product developed by Shepherds Friendly in partnership with FRS InvestPro.
• State StreetcoreTechnology or Integration · 11 May 2021State Street extended its current installation of InvestPro by adding box management and Solvency II unit matching functionality. InvestPro is now an integral part of State Street's investment administration product for servicing Unit Linked business of Insurance companies and fund constructs of DC Master Trusts.

Scale indicators6 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• SS&C Technologies: SS&C is a leading global provider of investment and fund administration software and services, with solutions spanning NAV, transfer agency, and asset servicing. It directly competes with FRS in serving life insurers, pensions, and BPO providers with comprehensive back-office platforms.
• FNZ: FNZ provides an end-to-end wealth management platform used by major financial institutions for investment administration, custody, and client servicing. It is a direct peer in the wealth and pensions technology space where FRS also operates.
• Clearwater Analytics: Clearwater provides cloud-native investment accounting, reporting, and analytics for insurance, asset management, and corporate treasuries. It competes with FRS's InvestPro in the investment accounting and regulatory reporting layer, with a modern cloud architecture advantage.
• Bravura Solutions: Bravura is a leading provider of administration software for superannuation, life insurance, and wealth management, with strong presence in the UK, Australia, and New Zealand. It is a direct competitor in unit-pricing, fund administration, and member servicing for pensions and life insurance.
• GBST: GBST provides wealth management and administration platforms (Composer, Wealth) for retail and institutional financial services firms, with strong UK and APAC presence. It directly overlaps with FRS in life and wealth administration software.
• Avaloq: Avaloq (now part of NEC) provides core banking and wealth management platform software for private banks and wealth managers globally. It is a comparable peer in serving wealth and investment-linked product administration at scale.
• SEI Investments: SEI provides investment processing, private banking, and wealth management platform technology to financial institutions. Its investment operations and unit-trust administration capabilities overlap materially with FRS's InvestPro platform.
• Empyrean Solutions: Empyrean provides transfer agency, fund administration, and pension technology solutions to life and pension providers, particularly in the UK and Ireland. It directly competes with FRS in the pensions and unit-linked administration market.
• Confluence Technologies: Confluence provides investment data management, regulatory reporting, and analytics software for asset managers, insurers, and service providers. It is a peer in the regulatory and performance reporting layers where FRS's InvestGRC and reporting modules operate.

Broad incumbents

• FIS (Fidelity National Information Services): FIS is a large, diversified financial technology vendor offering capital markets, banking, and insurance software including investment accounting and risk reporting capabilities. It is a broad incumbent whose portfolio overlaps with portions of FRS's offering for life and pension clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/frs-ltd

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Financial Risk Solutions