Source: Odyssey Wealth Management
Odyssey Financial Technologies, a global provider of Private Wealth, Separately Managed Accounts/Unified Managed Accounts, and Asset Management solutions and services, is pleased to announce that Stanford Group Company has now gone live with Odyssey's Portfolio and Relationship Manager Workstations. Stanford Group Company is a member of Stanford Financial Group, a global network of financial services companies.
Odyssey's Portfolio and Relationship Manager Workstations are an ideal solution for firms requiring a full service platform supporting high-net-worth and affluent investors. The solution provides wealth managers with sophisticated portfolio management overlay capabilities supporting large volumes of accounts across multiple currencies and asset classes. This allows portfolio managers and advisors to focus on what they do best: overlay management and generating returns for their clients.
Stanford Group Company chose Odyssey Wealth Management Solutions to support its new High-Net-Worth and Ultra-High-Net-Worth products, Unified Managed Account (UMA) and wealth management strategy across the US, South America and Europe, based on linked Odyssey Component Suite hubs in Houston, Texas and Zurich, Switzerland.
The initial implementation catered for 1,500 users, including Portfolio and Relationship Managers, as well as various support and administration staff. This number has since grown to 1,700 users and should continue to increase in the foreseeable future.
"As a provider of investment services, the ability to offer UMAs to our Financial Advisors and clients was critical," said Zack Parrish, Executive Director, Wealth Management, for Stanford Group Company. "We chose Odyssey's Portfolio and Relationship Manager Workstations because the solution provides us with an integrated UMA and wealth management platform that helps us standardize key processes such as model generation and rebalancing across our client base."
"Stanford Group is positioned for success in the UMA segment of the wealth management industry, one of the fastest growing investment channels in North America," states Antoine Duchateau, Odyssey Chairman and CEO. "Odyssey's solutions enable Stanford Financial Group to compete effectively with UMA by eliminating routine processes and providing the ultimate tool set, enabling investment managers and financial advisors to focus on value-added services and comprehensive wealth management services."