Monday, December 5, 2022
HomeFinancial PlanningAtomos and SS&C Hubwise to launch wealth platform

Atomos and SS&C Hubwise to launch wealth platform

Wealth supervisor and Monetary Planner Atomos has struck a cope with SS&C Hubwise to supply a brand new platform-style service to the wealth market known as ‘Atomos make investments.’

Atomos says the deal will imply it could provide its funding options to extra traders 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 stated. It needs to provide extra traders 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 technique to develop into 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 give attention to specialising in top quality insights and analytics that complement an adviser’s capacity to reinforce service and worth to the end-investor.

“As a agency, we wish to remodel each doable knowledge 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 knowledge warehouse merely permits us to do this at scale.

“I’m so pleased 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 crew 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 Shopper Responsibility guidelines in 2023, our imaginative and prescient is straightforward: 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, world 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.”



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