European investment management firm Sapia Investment Services, a division of Sapia Partners, has partnered with Third Financial Software to offer investment management services to IFA’s and boutique wealth managers.
The partnership will see Third Financial Software provide the Tercero software and IT infrastructure to Sapia, who will offer independent wealth management firms and IFA’s a full platform service, with open architecture dealing, as well as custody and asset servicing.
Go deeper with GlobalData
Sapia Investment Services will also be using the Tercero platform to power its own open market model portfolio platform and to deliver investment management services to independent wealth managers within its own regulatory framework.
This modern, multi-entity system will run on a hosted basis allowing for maximum operational efficiency, resulting in reduced costs to the end user.
Third Financials, Tercero, will allow Sapia Investment Services to be self sufficient in the running and management of the service offering. IFA’s and wealth managers will benefit from the complete investment management service at a fraction of the price of implementing a similar system independently.
Gerard Grueter, managing partner of Sapia Partners LLP said: "End users will have access to the full Tercero suite allowing for an ultra modern customer facing solution that includes client reporting tools, a portal feature, plus iPad and smartphone applications. These features will allow for IFA’s and boutique wealth managers to grow their businesses more effectively and efficiently.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData"We are delighted to announce that the first client to benefit from the new service is the management team behind Newcastle based, Vertem Asset Management. They have been live for some time now and are already seeing the benefits of the partnership."
John Dance, CEO of Vertem Asset Management said: "The offering from Sapia and Third Financial has allowed for continued growth, operational efficiency and most importantly client satisfaction. The partnership promises to offer end users with a suitable and reliable system that will allow the possibility for growth to many IFA’s and independent wealth managers."
