Ramsey Crookall & Co Ltd, the longest established independent stockbroker on the Isle of Man, UK, has selected and implemented 3i Infotech’s Altimis stockbroking and wealth management solution to improve its client services, reporting, efficiency and regulatory compliance procedures.
With clients demanding greater access to information and faster communication, many stockbrokers and wealth managers are finding it increasingly difficult to adapt their systems to meet the operational and regulatory challenges of today, which was the driving force behind Ramsey Crookall’s installation of 3i Infotech’s Altimis solution.
Ramsey Crookall expects Altimis to deliver greater straight through processing (STP) efficiency in their operations and provide them with the necessary software tools to meet their growth and client reporting and service aspirations. The technology platform is also flexibility enough to cater for any future regulatory reporting or operational changes required.
Commenting on the deal, Joanna Crookall, chief executive officer (CEO) of Ramsey, said, “We are delighted with our decision to choose 3i Infotech and their Altimis solution. It will allow us to introduce significant improvements that were not possible on our previous platform. We pride ourselves on the longstanding relationships that we have with our clients and believe that by moving to Altimis we will be able to deliver an even stronger service to our existing clients, while attracting many more.”
According to Phil Hales, sales manager for 3i Infotech, with the rules surrounding financial services becoming more demanding, operational processing is becoming more arduous for many stockbrokers and wealth managers. “We have noticed a marked increase in the number of companies, such as Ramsey Crookall, looking to replace systems that either cannot keep pace with the pace of change or are becoming too expensive to maintain,” he explains.
“Companies are looking for the flexibility to adapt without being restricted by their system, which is one reason why Altimis is proving attractive and why we are seeing a marked increase in new customers joining the client base,” continued Hales. “Ramsey Crookall is a great example of this trend and we very much look forward to assisting them in resolving these regulatory and operational challenges and supporting their business ambitions in the future."