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First Samuel Licenses Financial Simplicity for Individually Managed Accounts

First Samuel, the Melbourne based boutique private client wealth management company, has licensed Financial Simplicity’s individually managed account software as part of their strategy to use leading technologies to assist with the management of a growing number of client tailored portfolios.

First Samuel selected Financial Simplicity after an extensive evaluation process, and chose Financial Simplicity primarily due to its ability to meet a number of factors including performing individually tailored portfolio modeling, the ease of implementation of the system which was achieved in the matter of a few weeks, and the rapid process of integration with their existing investment administration systems.

Anthony Starkins, Chief Executive of First Samuel said, “We have a requirement to individually design and manage our client portfolios to suit a wide range of needs. So we undertook a thorough evaluation process and are very pleased with the solution provided by Financial Simplicity.”

Stuart Holdsworth, the Managing Director of Financial Simplicity added, “The appointment of Financial Simplicity by First Samuel marks another step in expansion of this type of service. First Samuel have exacting needs and their choice of Financial Simplicity shows the high quality of our software.”

First Samuel provides a specialist wealth management service to high worth individuals and their families. Its individual management approach, unlike the use of managed funds, allows them to focus on providing tax-optimised investment returns for their clients. The use of Financial Simplicity’s unique managed account technology will help First Samuel portfolio managers to rapidly apply their investment research and ‘client overlays’ to each individual client portfolio.

Financial Simplicity is the breakthrough technology that allows portfolio managers to operate numerous Individually Managed Account portfolios with the efficiencies typically associated with the operation of pooled unit trusts. Financial Simplicity is empowering businesses such as First Samuel to scale their business to meet the increase in client demand for managed accounts, and reduce the operational challenges that are often characteristic of such portfolio based businesses.