Wealth supervisor and Monetary Planner Atomos has struck a take care of SS&C Hubwise to offer a brand new platform-style service to the wealth market known as ‘Atomos make investments.’
Atomos says the deal will imply it will possibly provide its funding options to extra buyers by way of ‘digitally-enabled’ wrappers on Atomos make investments.
The SS&C Hubwise partnership will assist Atomos’ ambition to supply a wider proposition to the market, Atomos mentioned. It needs to offer extra buyers the advantages of a face-to-face service mixed with trendy digital instruments.
Atomos was acquired by Oaktree Capital Administration in Could. 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 12 months.
Niral Parekh, Atomos’ chief working officer, mentioned: “I consider that new age wealth administration enterprise fashions will give attention to specialising in top quality insights and analytics that complement an adviser’s skill to reinforce service and worth to the end-investor.
“As a agency, we need to rework each attainable information level of the belongings our purchasers 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 workforce at SS&C Hubwise who’ve displayed the mixed would possibly of their companies.
“Because the wealth administration business prepares for the introduction of the Client Responsibility guidelines in 2023, our imaginative and prescient is easy: to steer the business in delivering an distinctive consumer 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, mentioned: “We’re very excited on the alternative to associate with Atomos to considerably enhance the adviser and investor expertise.”