FNZ signs Close Asset Management

Source: FNZ

FNZ, provider of integrated wealth management platforms, today announced that it has been selected by Close Asset Management ("Close") to provide its new Direct to Consumer and Retail Advised platforms, in a multi-channel platform offering.

Close offers a market leading Wealth & Asset Management service providing high-quality, integrated advice and investment solutions to a wide range of private and institutional clients throughout the UK.

In partnering with FNZ, Close will be able to integrate both offerings in a phased launch starting later this year. Close will benefit from FNZ's market expertise and experience; FNZ has successfully delivered solutions to major business partners in the UK, Australia and New Zealand, empowering them to grow their businesses and build exceptional products and services quickly for their clients.

Its technology powers wealth management platforms for financial advisers, direct investors and the workplace.

Steven Mendel, Head of Wealth Management at Close Asset Management commented: "We are looking to develop a strong, self-directed investment proposition to sit side-by-side with our existing advisory proposition. This will enhance the services we offer our clients and support any future acquisitions. FNZ is known for the strength of its platform, and its global delivery record, which is why we chose to partner with them for this build. We genuinely believe this platform will give the best flexibility and service to our clients. "

Adrian Durham, Group CEO of FNZ added: "We are delighted to be working with such a well-established and distinguished firm as Close Asset Management. This is an innovative move by Close, to align its two platform propositions, and it is the direction the industry is leading, rather than running platforms as separate businesses, we envision they will increasingly be more integrated. In taking on this interesting challenge, FNZ is moving further into the wealth management platform sector, and it marks an exciting new chapter in our company's evolution."

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