Technology
Digital Digest: The Latest Tech News – Rathbones, Objectway
The latest digital and technology innovations, product and service developments in the world's wealth management sector.
Rathbone Brothers, Objectway
Rathbone
Brothers, the UK-listed discretionary wealth manager, has
employed European tech firm Objectway as a strategic
partner, announced on the same day that Rathbones announced
a deal with InvestCloud.
Objectway has been partnering with Rathbones to help it build and
implement a digital portal and “MyRathbones” app. The app is
available via desktop, tablet and smartphone.
Implemented in 2020 and enhanced further throughout 2021,
MyRathbones has been adopted by about 43 per cent of Rathbones'
clients who access the service more than six times per month on
average and download tens of thousands of investment reports
quarterly, Objectway said in a statement.
Last year, Rathbones implemented a major upgrade of its custody
and settlement system with assistance from Objectway.
The wealth manager oversees £68.2 billion ($91.3 billion) of
assets (as at 31 December 2021).