Wealth Management Software plc (WMS) is celebrating its acquisition of Fairs
- the leading edge provider of fact find, investment administration and commission management software to the IFA industry - and is now in a position to offer 'the complete wealth management software solution'.
For several years WMS has been a major player in the provision of software
solutions to larger financial institutions. WMS software encompasses discretionary investment management, transfer agency, fund supermarket, wrap
accounts and pensions management. The acquisition of Fairs provides the WMS
group with a new portfolio of products to satisfy the IFA market, and positions the group exceptionally well to exploit the emergence of new categories of vendor, following the Sandler report.
Speaking on the acquisition of Fairs, Paul Foll, WMS Group Sales Director
'The acquisition of Fairs adds IFA management to the combined portfolio of
products and completes the value chain from product creation to product
selling. We can now supply private wealth managers with software that begins
with a fact find and ends with client reporting and performance attribution'
Paul Foll continued:
'We are also positioned brilliantly to take advantage of the introduction of
multi-tied agents by major financial institutions and we are actively
investigating the launch of third party administration services based around
our software. This is especially with regard to the new, harmonised, pensions regime in 2006'
'Our combined user base now includes over 600 installations of our software and thousands of end users'.
The Fairs IFA division will continue to operate from its base in Newcastle under the Wealth Management Software banner.
Wealth Management Software is a publicly quoted UK software company, with a
number of offices in the UK and Europe. Software installations are global.