For Williams de BroÃ«, having enjoyed a period of both significant acquisitive and organic growth, it is critical to have in place a robust operational infrastructure to meet its evolving investment management needs and to maintain appropriate levels of client servicing. After an extensive review of available offerings, Williams de BroÃ« has selected tercero from Third Financial Software.
Third Financial will provide Williams de BroÃ« with a full wealth management platform including market leading compliance monitoring functionality facilitating Williams de BroÃ«'s ability to exceed its regulatory requirements in respect of Customer Due Diligence (CDD) and Treating Customers Fairly (TCF). The system interfaces with its existing custodian, Pershing Securities Ltd and has already delivered enhanced online access enabling Williams de BroÃ«'s clients and intermediaries to access investment information and reports. Following completion of the full implementation, which is expected in 2010, Williams de BroÃ« will benefit from a fully consolidated desktop.
David Howard, Chief Operating Officer at Williams De BroÃ«, commented "Williams de BroÃ« has achieved substantial growth over the last 18 months and continues to set challenging targets for further expansion. Our partnership with Third Financial, encompassing the implementation of the tercero platform, will enable Williams de BroÃ« to readily access sophisticated management information and truly enhance management oversight. Additionally we will realise the dual benefit of providing our Investment Managers with improved client and investment information delivered on a single integrated desktop. Third Financial were selected due to their strong and proven management team as well as their ability to provide a modern, scalable, platform un-encumbered by legacy technology. This gives them a refreshingly unique position in the software provider market and we expect them to become a market leading vendor in the Wealth Management sector. Williams de BroÃ« views this partnership and implementation as integral to supporting our growth plans and continued advancement."
As one of the most advanced offerings on the market, tercero integrates its own highly sophisticated portfolio management software with the latest Microsoft technologies, providing a complete wealth management desktop.
Gary Linieres, a founding director at Third Financial Software commented: "this agreement represents a truly significant milestone for our company and the tercero platform. Williams de BroÃ« is one of the fastest growing and forward thinking organisations in the UK wealth management market and our relationship with them will enable us to produce an innovative product supported by some of the highest quality business knowledge in this sector today. We are delighted to welcome them as a client and look forward to a long and successful partnership with them."