Investment platform Third Financial has teamed up with wealth tech company Wealth Dynamix (WDX).
This comes as Third continues its campaign against fragmented technology in the wealth management and advice sector.
Third’s two-way integration with CLMi, WDX’s client lifecycle management software, means the two platforms work together as a single system, freeing up time for discretionary wealth managers to focus on clients.
Wealth managers using CLMi are now able to use the full Third Financial investment platform, including whole-of-market asset coverage, custody and asset servicing, and an advanced suite of portfolio management functions.
Ian Partington, group chief executive at Third Financial, said: “Firms see Third’s platform as the beating heart of their investment operations. At a time where many are facing increased pressure on margins, it’s crucial we enable frictionless communication between our services and other software applications. Such integrations help improve client engagement, driving increased revenues while minimising costs via the avoidance of dual keying.”
Gary Linieres, chief executive of Wealth Dynamix, added: “This is the first integration of its kind in the UK providing discretionary wealth managers with a turnkey solution which enables them to seamlessly manage both their business and their clients via a single platform. The partnership therefore eliminates operational inefficiencies on the one hand and provides the highest levels of client service on the other.”