Third Financial unveils Tercero platform

Source: Third Financial Software Limited

London based, Third Financial Software Limited has announced the launch of its next-generation platform service, Tercero Platform, offered by its new subsidiary, Third Platform Services Limited (TPS).

Designed in response to the growing and complex challenges facing financial institutions today, Tercero Platform is available as two options, ‘FULL’ and ‘FLEX’.

‘FULL’ comprises a comprehensive, whole of market outsourced solution for wealth managers, utilising Third’s multi-award winning, front-to-back software product, Tercero. This option provides administration, dealing, settlement and custody services as well as access to all the existing features of the hosted Tercero software.

‘FLEX’ is a unique proposition that allows customers to choose elements of the full service to create a bespoke solution. For example, a customer could outsource custody and settlement, while retaining control of dealing.
Whichever option is chosen, Tercero Platform will adapt to environmental shifts that clients face such as regulatory change, providing a responsive and compliant service.

Tercero Platform offers access to the full capabilities of Tercero software, including sophisticated, multi-currency investment management tools alongside straight-through-dealing, settlement and custody, all in a scalable package. Furthermore, it ensures the safeguarding of client assets through relationships with renowned custodians and banks and it is product neutral, supporting links with clients’ preferred wrap providers for SIPPs and Offshore Bonds. It also provides proprietary tax wrapper services for ISAs and JISAs.

Tercero Platform’s real genius is that it will provide customers with all the benefits of the highly regarded Tercero software, coupled with the ability to have investment operations outsourced to a team of experienced market professionals. TPS believe this to be a unique proposition within the UK market, meeting the demanding requirements of today’s Wealth Management firms.

The Platform will appeal to a range of prospects, from start-ups looking for a turnkey approach to launching their business, through to more established firms, either looking to outsource for the first time, having waited for a compelling proposition to arrive, or who are unhappy with their current outsourcing provider.

Chief Executive Officer, Matt Aylward, Tercero Platform Services, commented:

“I am extremely excited to be launching a truly innovative offering, supported by a great team. With our Best of Breed mind-set in all areas of service, we look forward to bringing a better solution to the market. I know from experience there is a gap for a fully integrated solution, driven by market practitioners who actually understand the Wealth Management sector first hand. Scale, efficiency and value are what we are eager to deliver.”

Stewart Foster, Group CEO, Third Financial Software Limited, added:

“We firmly believe that the custody market is ready for a new proposition; one that offers wealth managers access to the tools they need to allow them to concentrate on managing their clients’ assets, safe in the knowledge that their technology and operations are in the hands of the expert Tercero Platform team. I am confident that the new service will complement and enhance our offering whilst propelling us to new levels of growth and recognition within the financial services industry.”

The announcement was made at the Tercero Platform launch event, held on September 9th at the Ham Yard Hotel, London.

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