Financial Advisor IQ’s Post

Nucleus Financial Platforms to further enhance its platform solutions with the acquisition of Third Financial Nucleus Financial Platforms has reached an agreement to acquire Third Financial, one of the fastest growing investment platform and software providers in the UK. The acquisition is subject to regulatory approval and will enable Nucleus to offer a full range of platform solutions to meet the needs of advisory and wealth firms, including ‘adviser-as-a-platform’. Third Financial will continue to be led by existing Chief Executive Ian Partington, and benefit from the opportunities provided by the wider group. Nucleus Financial Platforms, one of the UK’s largest adviser platform groups with over £80bn of assets under administration from 250,000 customers, announces the acquisition of Third Financial. Third Financial is a leading investment platform and front-to-back wealth management software provider, serving discretionary wealth managers, multi-family offices, and adviser consolidators. The business has delivered strong organic growth in recent years, with revenue increasing by more than 30% in 2023. It has over 50 clients in the UK with £6bn of assets under administration on its platform and a further £40bn of assets administered via its software system, Tercero. The acquisition will enable Nucleus to extend the platform solutions it offers advisory firms of all sizes. As well as the existing leading retail retirement platform and specialist SIPP and SSAS products, Nucleus will benefit from Third Financial’s proprietary technology, enabling an enhanced ‘adviser-as-a-platform’ proposition to meet the needs of larger businesses who want to offer their own platform. The move represents a sizeable growth opportunity, as research by NextWealth* showed that an increasing number of larger advisory groups were exploring establishing their own platform as a way of increasing revenue, reducing risk, and improving operational efficiency. The key benefit to advisers of this approach is the provision of greater control over the products, service, and price. The combination with Third Financial is fully aligned with the group’s strategic ambition of building scale and capability through organic growth and compelling acquisition opportunities.   Upon completion, the group’s platform AUA is expected to be circa £90bn. * NextWealth the Great Platform Shakeout Report January 2023 Research by NextWealth showed that an increasing number of larger advisory groups were considering offering their own platform, as a way of reducing their risk and improving operational efficiency. The key benefit to advisers of this approach is that it provides more control over the products, service and price.

Over the years I've heard multiple sides of the "Best of Breed vs Consolidated Platforms" when it comes to buy-side software. The pendulum shifts from one side to other depending on the year. The attached article from Citisoft discusses their current opinion on the topic. My personal sense it is isn't a universally answerable question, but instead depends on what you are attempting to accomplish and the options available. For example, if your firm is struggling with gaining a wholistic view of your investor relationships, combining the #CRM and #InvestorPortal options within your tech stack with a combined solution like #SatuitCRM and #SatuitSIP makes a ton of sense. It allows you to manage all portions of your investor communications (i.e. client reports, emails, phone calls, appointments, email marketing campaigns, etc.) in one place. There are other options investment managers have for their portals, many of which are tied to the portfolio accounting tool, client reporting tool, and even the custodians. Portals based on these tools can often simplify the operational challenges associated with getting the reports published quickly, but generally limited to sharing the reports/assets managed by that one system. Attempting to consolidate across #multiasset classes is not something typically supported by these tools. Which approach have you selected and why? Satuit Technologies would love to hear from you! https://lnkd.in/eRyFjZmD

Take a read of the last Word on WealthTech of 2023! F2 Strategy Co-Founder and CEO Doug Fritz provides his take on the most important wealth management technology news of the last month >> http://spr.ly/6045RKvtP #WealthStack #wealthtech #technology #wealthmanagement

Are you ready to elevate your wealth management strategy in 2024? Our recent guide, "Top 20 #WealthManagement #Software Providers in 2024," is here to help you navigate the evolving landscape of Wealth Management Software. 📈 With the market projected to grow from $2.37 billion in 2021 to $6.29 billion by 2029, the demand for innovative digital solutions is skyrocketing. As personalized wealth management becomes a key trend, choosing the right software is more critical than ever. Our guide dives deep into the critical factors that can help you make informed decisions in launching your own wealth management platform. 🔍 Don't miss out – access the guide now and revolutionize your approach to wealth management! 📖 Read the #guide: https://lnkd.in/eFPQSDfv Join the conversation and position your business for success with #Velmie! #financialtechnologies #digitaltransformation #Velmie #finance #softwaredevelopment #investments

I’ve been in the investment management and technology space for 30 years, starting as a practitioner at Roxbury Capital and then moving into institutional asset management and wealth tech. I’ve always been passionate about how the right tech can power investment management firms to improve operational efficiency and promote growth. While I have only been at Ridgeline for five months, what impresses me most is the completeness of Ridgeline’s solution. There’s nothing else like it! It is the power of a single platform built from a clean sheet of paper with everything an investment manager needs - all in one place. You might say its Ridgeline's superpower. Want to know more? Read my blog here https://lnkd.in/gvCVCtCn #assetmanagement #investmentmanagement

We're delighted to share a case study that highlights our collaboration with 10X Investments.   The financial industry is often bogged down by cumbersome onboarding processes, which can deter potential clients. We partnered with 10X and Isoflow to streamline and digitise their client onboarding experience.   Our solution not only meets stringent security and regulatory standards but also enhances user experience. We developed an automated system that allows clients to complete the onboarding process in just 15 minutes- significantly faster than the industry average. This has been a game-changer for 10X, leading to significant growth in their client base.   We used ASP.NET hosted on Microsoft Azure, React on the front end, and Adobe Sign to ensure the process is secure and efficient.   This project underscores our expertise in creating effective onboarding processes that are invaluable to the financial industry.   To delve into the details of how we achieved this, please read the full case study on our website: https://lnkd.in/eMtNZnm6   #CodingTheFuture #ClientOnboarding #DigitalTransformation #FinTech #CaseStudy #10XInvestments #UserExperience #FinancialIndustry #TechnologySolutions #NML

Rubicon Technology Partners, a leading private equity firm focused on enterprise software investments, announced the successful closing of its latest fund, Rubicon Technology Partners IV, at approximately $1.7bn. This represents a 34% increase in size from its predecessor fund, Rubicon Technology Partners III, which closed in 2020. Rubicon will continue to pursue its dedicated investment strategy of partnering with founders and management teams to build market-leading enterprise software companies by leveraging its best-in-class value creation framework. Fund IV has made two platform investments to date which include Aline, a proprietary, Rubicon-architected deal that took place in October 2022, and in July 2023, in Tacton, the leading CPQ SaaS provider to manufacturers of complex configurable products. #PEInsights #privateequity #technology #softwareindustry

Over the past few years, global events have reshaped businesses in more ways than just one. Many have rebranded, reassessed their assets, and rebuilt their workforce. It's forced companies to adapt to larger digitally-based systems, doing away with manual and outdated methods that are less convenient. That includes something as simple as internal business spend processes. Here's why changing your business spend processes could lead to greater efficiency throughout your company: http://ow.ly/yYiq50JzvA0? #smallbusiness #expenses #fintech

Is insourcing right for financial advisers? Delighted to formally reveal PortfolioMetrix's partnership with MPA for insourced models. Benefits: - Assisting in-house advisory portfolios move discretionary (your vision powered by PortfolioMetrix) - Creating a unique brand for your firm through white-labelling, so you can differentiate from your peers - Automate client reporting and communications (including rebalancing) If you'd like to hear more, please reach out for a brief chat. #financialadvisor #investmentmanagement #dfm

In 2003, we launched the first version of WealthSpectrum, anticipating the growing use of technology in wealth management. Back then the entire wealth management value chain was fragmented and disconnected, not just the manufacturing and distribution but also the front, mid and back office functions and we felt that there is a need for an integrated software solution. WealthSpectrum was conceived and designed as an integrated software solution across the wealth management value chain. Fast forward to today, a recent McKinsey report reaffirms our thoughts from two decades ago. The McKinsey report describes WealthTech ecosystem as technology-enabled solutions that facilitates the distribution, manufacturing, and post-trade and back-office activities across the wealth management value chain and indicates that WealthTech is the next frontier in financial innovation: https://lnkd.in/e_vGjb73 Over our two-decade journey, we've evolved alongside our clients and partners catering to over 250 investment and wealth managers, collectively managing assets exceeding US$ 300 billion. We are poised and enthusiastic about embracing the future where WealthTech stands as the new horizon in financial innovation. #WealthSpectrum #WealthTech #FinTech