Foster Denovo extends platform partnership with Third Financial
Wealth manager Foster Denovo has extended its strategic partnership with Third Financial, part of the Nucleus group, signing an exclusive deal for a bespoke Adviser-as-a-Platform (AaaP) solution.
AaaP is when the proposition to clients, along with parts of the service usually provided by the platform, are branded and controlled by the advisory firm. The model enables firms to take greater control of the products offered, customer experience as well as more of the value chain.
Third Financial and Foster Denovo have worked collaboratively on the customised platform transformation project which is designed to meet the complex needs of advisers and their teams, enabling them to service clients even more effectively. The new investment platform also features a two-way integration with the back-office system.
The client experience will be further enhanced through the launch of a new Clearview-branded mobile app, giving clients at the UK-wide financial advisory group an even more intuitive way of engaging with their investments.
The two firms have a long history of working together, with more than £1 billion of client assets already administered on the platform, powered by Third Financial’s proprietary Tercero software.
Foster Denovo Chief Operating Officer Helen Lovett said: “Like many in our sector, we had evolved our services across a number of different retail investment platforms over time. We always strive to create a more unified experience for our clients which is why we took the strategic decision to develop our own platform.
“Partnering with Third Financial to deliver this is a big step forward. They’ve become a strong, long-term partner, providing the support we need to deliver an exceptional service to our clients and to continue to drive forward our growth strategy.”
Chris Williams, Managing Director, Third Financial at Nucleus, added: “It’s a reflection of the depth of our relationship that Foster Denovo has extended their partnership with us. Their new investment platform, powered by Third Financial, is a customised solution built on our market leading technology which will enable them to offer a branded and tailored service to their clients.
“The scale and unrivalled expertise we have within the group will support Helen and her team as they continue to integrate their recent acquisitions and help drive their future growth.
“We already power some of the industry’s leading consolidators such as Titan, Verso and Radiant, plus 60 investment managers. Our combination of market leading technology, personalised service and financial strength is setting us apart in the market.”
Nucleus acquired Third Financial last year. The group offers the broadest range of products, services and software options that enable large advisory firms and consolidators, investment managers and institutions, to take greater control of their platform propositions.
Enquiries:
Nucleus
Linda Harper - Head of Public Relations T: 07876 145309
Philippa Heal - Public Relations Manager T: 07783 314210
E: newsroom@nucleusfinancial.com
Foster Denovo
E: fosterdenovo@mrm-london.com
T: 07793 564 351