Wealth supervisor and Monetary Planner Atomos has struck a cope with SS&C Hubwise to offer a brand new platform-style service to the wealth market referred to as ‘Atomos make investments.’
Atomos says the deal will imply it could supply its funding options to extra traders by way of ‘digitally-enabled’ wrappers on Atomos make investments.
The SS&C Hubwise partnership will help Atomos’ ambition to supply a wider proposition to the market, Atomos stated. It needs to offer extra traders the advantages of a face-to-face service mixed with fashionable digital instruments.
Atomos was acquired by Oaktree Capital Administration in Might. Since then it has pursued a method to grow to be a technology-led wealth supervisor. US fintech SS&C acquired UK funding platform Hubwise final yr.
Niral Parekh, Atomos’ chief working officer, stated: “I imagine that new age wealth administration enterprise fashions will deal with specialising in prime quality insights and analytics that complement an adviser’s potential to boost service and worth to the end-investor.
“As a agency, we need to remodel each potential information level of the belongings our shoppers make investments with us into insights that ship higher service. Customising our personal platform answer and wrapping it round a cloud-based information warehouse merely permits us to try this at scale.
“I’m so happy with the groups at Atomos who’ve embraced the change and have labored tirelessly to assist us get right here. And credit score to the staff at SS&C Hubwise who’ve displayed the mixed would possibly of their companies.
“Because the wealth administration trade prepares for the introduction of the Client Responsibility guidelines in 2023, our imaginative and prescient is easy: to steer the trade in delivering an distinctive shopper service and expertise, enriching lives nicely past wealth. Our partnership with SS&C will assist us make this imaginative and prescient a actuality.”
Nick Wright, CEO, international investor distribution options at SS&C, stated: “We’re very excited on the alternative to associate with Atomos to considerably enhance the adviser and investor expertise.”