UK-based investment platform AJ Bell has selected ALTO Investment platform from Amundi Technology to improve its portfolio management capabilities and support its growth objectives.
AJ Bell Investments, which provides wealth management solutions catering to the requirements of retail investors and high-net-worth individuals and institutional clients, needed a system that supports its growth plans as its assets under management (AUM).
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As per AJ Bell’s last trading update, its AUM reached £7.5bn.
AJ Bell Investments managing director Ryan Hughes said: “We are delighted to partner with Amundi Technology as we continue to grow our business.
“The technology platform provided by Amundi will significantly improve our operational efficiency and facilitate our future growth as we look to capitalise on the continued demand for our simple, transparent and low cost investment solutions.”
The integration of Amundi Technology’s portfolio management system is expected to streamline AJ Bell’s existing operations and address several operational challenges.
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By GlobalDataKey advantages of this collaboration include the transition from manual processes to an automated system, which is anticipated to boost operational efficiency.
Additionally, the new solution will offer scalability, allowing AJ Bell to adapt its operations in line with client demands as it continues to grow.
Furthermore, the unified operating model provided by Amundi Technology combines technology, data management, and dealing services, facilitating a more streamlined approach to portfolio management.
Amundi Technology CEO Benjamin Lucas said: “We are thrilled to welcome AJ Bell, a longstanding client of Amundi, on our technology platform.
“Our technology solutions are designed to empower asset managers to achieve their goals efficiently and effectively. This new development of our partnership showcases our commitment to providing solutions across the entire value chain and reinforces our position as a leading provider of asset management technology services.”
In November 2024, Amundi acquired German software provider Aixigo for €149m ($157m).
Aixigo, with 150 employees, serves more than 20 clients, including major financial institutions managing over €1tn ($1.3tn) in assets.
