Digital Digest: The Latest Tech News – Wealth Dynamix, Third Financial

Editorial Staff 16 May 2023

Digital Digest: The Latest Tech News – Wealth Dynamix, Third Financial

The latest technology news in the wealth management sector from around the world.

Wealth Dynamix, Third Financial
UK-based investment platform Third Financial has launched an integration with Wealth Dynamix. The use of CLMi, WDX’s client lifecycle management software, enables the two platforms to work together as a single system. It frees up time for discretionary wealth managers to focus on clients, the organisations have said.

Wealth managers using CLMi can use all of the Third Financial investment platform, including whole-of-market asset coverage, custody and asset servicing, and a suite of portfolio management functions. 

These are busy times for Third Financial, as it recently announced a number of platform integrations with other systems in the independent financial advisor and wealth space. 

“At a time where many are facing increased pressure on margins, it’s crucial we enable frictionless communication between our services and other software applications. Such integrations help improve client engagement, driving increased revenues while minimising costs via the avoidance of dual keying,” Ian Partington, group chief executive officer at Third Financial, said. 

Gary Linieres, chief executive of Wealth Dynamix, said: “This is the first integration of its kind in the UK providing discretionary wealth managers with a turnkey solution which enables them to seamlessly manage both their business and their clients via a single platform. The partnership therefore eliminates operational inefficiencies on the one hand and provides the highest levels of client service on the other.”

Third Financial provides core processing, asset servicing and market connectivity for managing more than £50 billion of assets. Wealth Dynamix provides client lifecycle management technology platforms for private banks, wealth and asset management firms, and mid-size discretionary fund and investment managers. The firm became part of the Indosuez Wealth Management group of companies in January this year.

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