Third Financial Software, provider of wealth management technology solutions, has today announced that three Jersey-based wealth managers have signed up to its tercero Wealth Workstation.
Aberdeen Private Wealth, Affinity Private Wealth and DPZ Capital have each taken on tercero from front to back office and connected with Channel Islands-based Custodians. Tercero Wealth Workstation will be provided to each through a mix of hosted and private installations.
Aberdeen Private Wealth, the private wealth division of Aberdeen Asset Management, used tercero to replace two legacy systems, enabling a smoother reporting process for clients and a truly integrated front and back office. The system has been live for several months.
Affinity Private Wealth, a newly formed firm which provides discretionary investment management and trust services, needed a complete wealth management system which could be implemented quickly, is scalable as their business grows and which connects to their custodian, HSBC Securities.
DPZ Capital, the fast growing investment boutique established in 2007, required a 21st century system to support their focus on investment performance and customer service as the business enters a period of rapid growth. Tercero was selected after an extensive competitive process.
Tercero integrates investment management, client relationship management, document management, order management, compliance, client reporting and investor web access in a single, intuitive management information dashboard.
Bruce Harrison, Managing Director, Aberdeen Private Wealth said; "Tercero became the obvious choice for us as we went through the selection process. It enabled us to streamline our systems while moving to a modern platform that will be enhanced and developed as the system matures. The system also allows us to provide online reporting to our clients, which we believe is essential moving forward".
David Stearn, MD, Affinity Private Wealth commented; "As a new firm, we need a platform which is truly front-to-back and able to grow as we grow. Not only does tercero fit into this category but it is also able to coo connect to our custodian in the Channel Islands. Tercero enables us to be up and running quickly, with a truly leading edge technology, in a cost effective way on a single platform."
Darren Zaman, CEO, DPZ Capital Limited "We're a fast growing private client asset management firm and require an up to the minute solution that supports our focus on delivering excellent investment performance consistently across our client base, and first class customer service through flexible and timely reporting. Efficiencies will enable valuable qualified staff to concentrate their time on meeting client needs and allow the business to respond to a constantly changing regulatory reporting environment as a matter of course. Tercero stood out as a solution that is highly flexible and scalable and we recognize in Third Financial, their desire for product/service excellence and ambition and integrity, the qualities that have driven our own success to date."
Gary Linieres, Director, Third Financial added "Because tercero is a fully integrated, scalable front-to-back system, it's of real benefit to start-up firms and boutiques. We're thrilled to have been selected by Aberdeen, Affinity and DPZ Capital as Jersey is a key market for Third Financial."