Thomson Financial has partnered Asset Management Technology Solutions (AMTS) to deliver an outsourcing service for US-based money managers including portfolio, equity order, and fixed income order management, performance measurement and attribution analysis.
AMTS, a subsidiary of Baltimore-based financial service firm Legg Mason, already has extensive experience hosting PORTIA, Thomson Financial's flagship portfolio management system.
Financial services firms electing to outsource their investment technology and operations infrastrucure would license the software from Thomson Financial, and then choose from a menu of AMTS services, such as facilities management, application hosting, database maintenance, data feed management, security master file updating and reconcilations to custodial banks.
While firms contract directly with AMTS for outsourced services, Thomson Financial manages the joint client relationships through its relationship management and customer care organisations.
Jody Morse, Thomson Financial’s portfolio solutions group senior vice president of global product strategy and operations, comments: "AMTS' in-depth understanding of global investment management systems and workflow processes and many years of experience operating Portia means that our clients and prospects will have a very viable outsourcing alternative."