Financial Simplicity powers the way for Fortnum’s UMA platform

24 October 2011

Financial Simplicity, a specialist supplier of wealth management technology and services, is pleased to announce their relationship with the Ray Miles led e-Clipse Unified Managed Account (UMA) platform. e-Clipse Online selected Financial Simplicity’s enterprise solution as the portfolio management engine supporting a range of managed accounts services to investors and dealer groups.

Stuart Holdsworth, Financial Simplicity’s CEO said, “We are excited to be working with a dynamic group led by industry visionary Ray Miles. He understands the need to put clients first, a minimum requirement in the post FOFA environment.”

Financial Simplicity's technology enables e-Clipse with the ability to manage large numbers of investor tailored portfolios in a controlled and scalable manner, containing both compliance and business risks.

“We are seeing considerable growth in the number of wealth managers and service providers in Australia and the UK that are planning to offer solutions where the investor is the core of the solution”, says Holdsworth.

Fortnum Executive Chairman Ray Miles states, “In working with Financial Simplicity, we found an organization that had state of the art software and a capacity to put the client at the core of all of the technology. The client is the real winner in this arrangement.”

Financial Simplicity’s COO Enda Mahoney added “The dominance of packaged investment products is ceding to the ascendency of mass tailored portfolio management in retail investment management. This evolution is gaining momentum globally and those who choose not to adapt may soon find their business undermined by innovators like Ray Miles or forward thinking competitors”

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