Wealth manager Brooks Macdonald has collaborated with SS&C Technologies to transform its wealth business in the UK.
The partnership involved technology and operational services to change adviser experience and client service.
In addition, the team-up will enhance Brooks Macdonald’s centralised investment capability, create a scalable and efficient administration function. Also, it will provide a platform for future innovation.
A part of the collaboration means Brooks Macdonald will consolidate its operations on SS&C technology. Furthermore, Brooks Macdonald will leverage an integrated wealth investment platform to facilitate upgrade to their adviser experience and client service. By 2021, Brooks Macdonald will be on SS&C’s technology and deploy its end-to-end wealth technology stack.
Brooks Macdonald employees will join SS&C as part of the deal.
Caroline Connellan, Brooks Macdonald’s CEO, said: “I am delighted we have agreed a partnership with SS&C as part of our vision for Brooks Macdonald as the leading investment manager for intermediaries. We are committed to delivering a best-in-class adviser experience as well as excellent client service, and this exciting partnership with SS&C will further enhance the strong relationships we have today.
“We are uniquely positioned with our focus on advisers and trustees, with a market-leading proposition and strong investment performance. SS&C has an impressive track record and credentials, and through our discussions I have been impressed by their innovative and customer-focused culture. Their proven track record in delivering leading-edge technology solutions, alongside their deep knowledge and expertise in this area, will allow us to further enhance and differentiate our offering.”
“We are delighted to partner with Brooks Macdonald to bring innovative leading-edge solutions to the adviser marketplace,” added Bill Stone, chairman and CEO, SS&C Technologies.
“SS&C and Brooks Macdonald are committed to delivering exceptional technology and service to advisers and their investors. We look forward to the partnership with Brooks Macdonald and to welcoming some of their talented and experienced team to the SS&C family as part of the partnership.”