FNZ, provider of integrated wealth management platforms, has revealed it is to provide its new Direct to Consumer and Retail Advised platforms, in a multi-channel platform offering for Close Asset Management in order for the firm to avoid integration risk and cost, while reducing operating costs.
Close Asset Management is a wealth and asset management group that that provides integrated advice and investment solutions to a wide range of private and institutional clients throughout the UK.
In partnering with FNZ, Close will be able to integrate both offerings in a phased launch starting later this year.
We are delighted to be working with such a well-established and distinguished firm as Close Asset Management,” says Adrian Durham, Group CEO of FNZ. “This is an innovative move by Close, to align its two platform propositions, and it is the direction the industry is leading, rather than running platforms as separate businesses, we envision they will increasingly be more integrated. In taking on this interesting challenge, FNZ is moving further into the wealth management platform sector, and it marks an exciting new chapter in our companys evolution.
FNZ has delivered similar technology to major business partners in the UK, Australia and New Zealand, in order for them to grow their businesses and build products and services quickly for their clients.
Its technology powers wealth management platforms for financial advisers, direct investors and the workplace.
We are looking to develop a strong, self-directed investment proposition to sit side-by-side with our existing advisory proposition,” says Steven Mendel, Head of Wealth Management at Close Asset Management. “This will enhance the services we offer our clients and support any future acquisitions. FNZ is known for the strength of its platform, and its global delivery record, which is why we chose to partner with them for this build. We genuinely believe this platform will give the best flexibility and service to our clients.
(LB)