Havelock Hunter Stockbrokers and Findax today announce the launch of a joint venture, HH Securities, providing a comprehensive dealing, clearing, settlement and portfolio management service to private client stockbrokers and wealth managers. The service combines the technology of Findax’s leading broking platform, Blue, with a full range of investment administration, trading and custodial services provided by Havelock Hunter.
HH Securities provides a complete turnkey solution from which clients can choose the level of service most appropriate to their needs. These services include:
• Dealing, clearing and settlement across multiple markets and custodians
• Crest Sponsored Membership
• Corporate action election and processing
• Dividend collection, allocation and provision of Consolidated Tax Certificates
• Configurable fees and deposit interest generation and allocation
• PEP and ISA administration
• Online client access to portfolio valuation, financial statements and contract notes
• Periodic and ad-hoc client reporting – full colour PDFs with pie charts, valuations, financial statements, corporate action details, transaction history and the facility for the manager to add commentary on individual accounts and general market conditions. These packs are available on line for viewing, saving, printing and emailing
The combination of state of the art technology with knowledgeable, experienced and dedicated staff, gives HH Securities a unique position in the market to provide clients with an excellent service at an extremely competitive price.
Ian Partington, Director of Findax, said, “We’re very happy to join forces with Havelock Hunter in this way as it allows us to demonstrate the benefits of Blue to a wide client base. Blue was designed from the start to act on a multi-customer basis from a single application and database while at the same time maintaining full segregation of contacts, accounts, transactions and holdings. Additionally, one of the features of Blue's design is the ease with which elements such as online branding, report branding and KYC information can be tailored for a particular customer or even particular clients within a customer.”
James Havelock Andrews, Director of Havelock Hunter Stockbrokers added, “The Blue platform enables us to offer a full software suite to portfolio managers and stockbroking firms combined with the ability to offer full or partial outsourcing of administration services depending on client requirements. From our previous experience of outsourcing providers, we felt that there was a real need among our community to provide a reliable and efficient service without sacrificing the quality of service and access to technology that firms should expect. There are a lot of small to medium sized firms out there that are not getting the service they require and who feel that they do not have either the scale, budgets or time to get themselves heard. HH Securities will provide the very best systems and services to these firms, enabling them to compete by concentrating on their key business. ”
