Midlands based Boutique Wealth Manager chooses Tercero to support Growth Strategy

4 March 2014

Midlands based boutique wealth manager, BRI Wealth Management has chosen the Tercero Wealth Management platform from Third Financial to support an ambitious growth strategy.

With over 45 years’ of experience, the independently-owned wealth management company provides discretionary and advisory portfolio management services to private investors, family trusts, charities, pension schemes and financial institutions.

After a period of sustained growth, BRI looked to improve their existing IT infrastructure both in terms of operational efficiency and a desire to enhance the client experience. After a comprehensive review of solutions tailored specifically to discretionary wealth management, BRI selected Tercero from Third Financial Software.

The Tercero platform will allow BRI to achieve its objectives to differentiate itself by using the software to provide a very personalised service to its clients.

Dean Wragg, Chief Operating Officer of BRI, comments: “The full integration of client static data, activity management and real-time investment data will give our client relationship managers and our investment teams the edge as all the information they need to improve client service will be available, when they need it, on the phone or during face-to-face engagement with clients.

Tercero’s client-reporting suite is excellent and allows us to tailor both content and distribution, as the client wants it, in the most efficient manner. The on-line investor portal and iPad version again are very flexible allowing clients to interact directly with their portfolio information and we will be exploiting all of these exciting capabilities.

Another important aspect is the way Tercero automates compliance processes, whether they are investment mandates or FCA imperatives such as suitability and TCF (treating customers fairly). As a newly developed system, Tercero seemed to us to have incorporated all these important regimes into its design so ultimately the choice was easy.”

Roland Jones, Sales Director at Third Financial Software says: “The fully integrated Tercero platform, particularly order management, portfolio management, client relationship management (CRM) along with mobile delivery from one single data source making it the ideal choice for BRI and will fully support their growth strategy. We are delighted to have BRI as a client.”

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