Wealth and Asset Manager

Our client is one of the leading Wealth & Asset managers in the UK who invests in a wide range of asset types including equity, debt, collectives and derivatives.  They have won multiple awards and are renowned for excellent client service.

They needed to update their middle and back office technology and sought the opportunity to move to a variable cost model for their operations.  They also wished to limit the amount of change in the business during a short period of time and elected to integrate their in-house PMS to the new operating model.

Solve managed the transformation on behalf of the client and worked with their internal teams and the teams of the vendors to fully implement in 18 months.

We integrated the firm’s own Portfolio Management System (PMS) and Enterprise Database (EDB) to SEI whilst bringing across additional technologies and services: FXAll, Omgeo and Snowflake.  The firm’s assets were held across multiple custodians including SEI where all data was migrated.

A late scope change saw the trade execution move from in-house to Northern Trust

The programme was completed on time and on budget and has provided a stable platform for future business growth.

The operations are now fully managed by SEI which provides scalability to the firm with a variable cost basis.

Following the change, 95% of clients noticed no difference in their service and to date no client complaints have been raised.