Fiduciary Wealth managing director Paul Correa said the company chose Platform One because, with many clients throughout the Iberian Peninsula as well as the UK, it needed a platform that could support its clients “regardless of their location”.
Platform One’s international and global services use Moventum SCA of Luxembourg as its underlying offshore service provider, and Banque de Luxembourg as its custodian.
‘Fortnum & Mason’s’
As reported, Platform One was launched last year to provide wrap platform services to advisers with high net worth clients and multiple family offices, both in the UK and overseas. It is headed up by Michael Fordham, managing director of Platform One.
“Instead of trying to be a Tesco or a Sainsbury, and grab the high street – in this case, the high street of IFAs – we are aiming to be the platform market’s Fortnum & Mason’s,” Fordham told International Adviser last year.
Last month, Platform One unveiled a so-called “commission-friendly” service to appeal to non-UK advisers who prefer to continue to use the traditional commission-based remuneration model.