This publication can exclusively report on an agreement the wealth manager has forged affecting its wealth planning team.

UK wealth and brokerage house WHIreland has chosen the Intelligent Office solution of Intelliflo for its wealth planning team, this publication can exclusively reveal, a move coming after June’s decision to outsource a number of functions to SEI Investments.

Intelliflo, which provides web-based technology for the UK financial services industry, will provide the firm with a platform to support business processes and future innovations.

“As the requirements of our clients’ evolve it is essential that we are able to provide easily accessible and tailored services to assist them in meeting their personal goals,” said Christy Morrison, head of wealth planning at WHIreland.

This publication recently interviewed WHIreland’s senior management about its strategy and recent moves. (See that interview here.) 

The firm, along with many of its peers, is facing up to the brutal fact that without sufficient scale spending on new IT systems is so expensive and time-consuming that it makes more sense to leave this to outside experts. SEI Investments and its peers such as Advent Software (now part of SS&C), State Street, SunGard and Avaloq aim to take on such work, freeing wealth managers to focus on where they can add value: advising clients about money.