Fintech provider Focus Solutions has announced two new initiatives that will modernise the wealth market and change the way wealth managers and private banks interact with their clients.
With a new cutting-edge personalised client portal, focus:wealth will create a more integrated and efficient way for wealth managers to engage, advise and retain clients than the legacy systems available on the market today.
Launching alongside focus:wealth, and building on its core capabilities, is a powerful new collaboration, Wealth Hub, an integrated solution for both wealth managers and their clients. Bringing together the ‘best in class’ software available on the market and offering cutting-edge technology, it allows wealth managers to deliver exactly what their clients need all in one place.
Wealth Hub brings together three of the best and most innovative solutions in the industry – focus:wealth by Focus Solutions, BITA Wealth by BITA Risk and IMiX by Investment Software Limited. These three technologies lead the market in client portal, risk profiling and management and portfolio management respectively.
A lot of private client businesses are trying to bring new propositions to market, built around a disconnected toolset, which means they’re building inefficiency into the heart of what they’re doing.
We’ve built focus:wealth on the same tech stack the powers the rest of our software – that means firms can have a fully integrated, fully joined up advice and DFM offering sitting on a shared collaboration platform. The Wealth Hub partnership adds best-in-class portfolio and risk management capabilities from IMiX and BITA, making this an important development for the industry.
It gives massive control and efficiency to your business in the way that it brings together all of the elements required to monitor your business and do suitability and quarterly reporting packs whilst retaining a full audit trail. The level of control it gives you lets you get it right first time, every time.
Our approach unlocks the next generation of private client strategic initiatives.
Our culture is always about being better than today. Being part of the Wealth Hub further accelerates this drive; by working with similar minded individuals and teams we can create significant step change. IMiX is always looking to move the needle on the dial.
We are delighted to build on the integration work we have already done with Focus for our first mutual client. This will enable firms to benefit from the combination of the Wealth Hub and BITA eco-system to deliver leading functional and technical solutions in a seamless joined-up way, driving user experience, efficiency, business control and client outcome.
Founded in 1995, Focus Solutions is a financial services software house with a track record of providing effective advice and business automation, CRM, T&C and financial planning solutions. Focus works with leading financial advisers (at both network and firm level), bancassurers, product providers and mortgage lenders to deliver solutions across a range of products such as investments, pensions, protection, mortgages and general insurance. Since 2011 Focus has been fully owned by Standard Life but operates independently. www.focus-solutions.co.uk