RNS - Contract Win

release date: 02/03/2010

Focus Solutions Group plc

(“Focus Solutions” or the “Group”)

Contract Win

Focus Solutions Group plc (AIM:FSG), a leading provider of proven enterprise solutions to the financial services market, is pleased to announce that it has won a new contract with AWD Chase de Vere, one of the UK’s leading independent financial advisers. The contract is expected to be worth approximately £1.4 million over four years, and is for focus:360° wealth management, the Group’s leading wealth management software solution.

The contract, which starts in March 2010,  comprises a four year term for the licensing, support and maintenance of the focus:360° software, based on a per user licence worth approximately £850,000. Focus Solutions will also provide professional services to support the configuration and implementation of focus:360°.

AWD Chase de Vere, one of the largest and most widely respected firms of independent financial advisers in the UK, has chosen focus:360° wealth management to support their team of 178 UK advisers in delivering holistic financial planning advice. The solution will cover all product areas as part of the organisation’s wealth management and corporate client propositions and is expected to increase efficiency across the entire sales and advice process, allowing AWD Chase de Vere’s advisers to spend more time with the clients themselves. In addition, to meet their advisers’ training and competency requirements, AWD Chase de Vere is incorporating TestMeOnline, Focus’ online testing solution, as part of the overall implementation.
 
Richard Stevenson, Chief Executive of Focus Solutions, said: “AWD Chase de Vere is one of the leading IFAs in the UK and it is a great endorsement of focus:360° that they have chosen our solution to underpin their holistic financial planning capabilities. This is the second contract we have won in recent months for focus:360°, where our software is key to driving the advice process of one of the largest independent financial advice distributors in the UK.”

Robert Organ, Group Finance and Operations Director of AWD Chase de Vere, said: “We were looking for a solution that would help us to enhance our client proposition and improve the support we provide to our advisers. We want to grow our business and require scalable software solutions to help us achieve this. Together with the TestMeOnline solution, we believe that adopting the Focus software is another important step in our aim to be the leading firm of Independent Financial Advisers in the UK.”