Source: Wealth Management Software
Carlisle based InvestAcc Ltd has signed a contract to centralise its back office facility and implement the Fairs Manager On The Web IFA software solution from Wealth Management Software plc (WMS).
The move forms part of InvestAcc's on-going expansion strategy.
InvestAcc is an established advisory practice and has been using the Fairs solution UK wide for over 10 years. As a result of a recently implemented expansion plan, a full review of InvestAcc's software and systems was undertaken and a streamlining operation outlined with data centralisation and accessibility high on the agenda.
The Fairs, web-enabled, back office solution was chosen on the basis of its flexibility, the simplicity of implementation and its established presence as a web-based application.
Commenting on the switch to Fairs Manager on the Web, Nick Gardner, Managing Director of InvestAcc said: "Operating through a network of 10 regional offices as far apart as Devon and Cumbria our advisers have become increasingly frustrated at the inability to access our Head Office systems from their own satellite offices. This has led to duplication of processes, databases and at times inefficiencies, the ability for all advisers and administrators to view, update, search and report upon on a single database, cost effectively was a priority for us," Gardner continued, "Fairs Manager on the Web is an ideal solution, it allows access to centralised client data from anywhere that advisers may be, either in their own office or indeed at client premises, all that is required being internet access."
Speaking about the partnership with InvestAcc, Gary Sawyer, Managing Director of WMS Financial Adviser Services, said: "InvestAcc have been using our software for many years and we are delighted to have been given the opportunity to assist in the expansion of their business. Technology has always played a significant role within their working practices and we were very pleased to introduce them to the benefits of remote working with centralised data. As with any web-based solution, reliability and security of the software and data was of paramount importance to InvestAcc."