JHC Systems, the provider of wealth management software, has renewed its relationship with the UK and Jersey-based firm.

LGT Vestra has signed a new contract with JHC to continue to use its wealth management system FIGARO to support front, middle and back office processing.

LGT Vestra, which has offices in London, Bristol and Jersey, adopted FIGARO as its core business system back in 2008. The commitment gives the firm access to an upgraded version of the system, with enhancements including improved reporting of client portfolio performance and further regulatory compliance support. 

FIGARO also seeks to help firms with their investment decisions and client relationship management, as well as STP (straight-through processing) trading and settlement processing.

“We have made a strategic decision to continue to partner with JHC and its excellent FIGARO product. It is critical to the success of our business to ensure that we have a strong platform in place for future growth and to continue to deliver an exceptional service to our clients,” said James Longstaff, IT director at LGT Vestra. 

“It is clear that JHC continues to invest in innovation and we look forward to working with JHC and to realising more of the benefits of FIGARO’s rich functionality.”

Earlier this year, the UK's Vestra Wealth rebranded to LGT Vestra after Liechtenstein-based private banking and asset management group LGT agreed to acquire a majority stake in the wealth manager.