12th May, 2006
Tried and tested, ‘client-centric’ administration solutions customised to meet the precise requirements of advisers and managers
Following completion of a 2 year project, InfoComp’s market leading wrap and administration platform has now been fully adapted for the UK market. Unlike most systems which have been developed for the wealth management industry InfoComp has put the client rather than the product at the centre with the ability to administer or aggregate multiple tax wrappers and collectives. This means that efficient administration and consolidation of client information across any number of products and providers is now a practical reality. The synchronisation and auditing problems of operating multiple systems can now be eliminated.
Rob DeDominicis, founding partner and CEO of InfoComp commented:
‘From the many discussions that we have had with players in the UK market over the last few years, it is clear from what they have told us that our systems can deliver something that has long been missing – superior functionality with a much lower price tag and fast delivery to market of new product developments. ‘Joined up’ financial services and systems responsive to changing customer demands have become much easier to deliver with InfoComp.”
A number of business opportunities have opened up in the UK for InfoComp and are already at an advanced stage – amongst life and pension and fund management providers looking at a wrap solution that will allow them to increase revenue and enhance their offering to the market.
Rob DeDominicis continued:
‘Providers have shown a growing interest in outsourcing software and systems development in order to avoid the large upfront capital costs associated with bespoke system builds. UK experience suggests that companies have incurred technology spends of anything between £25 -140 million without achieving full functionality The InfoComp platform can provide full functionality for a fraction of that cost.