Brooks Macdonald has announced a new partnership with technology provider SS&C, a deal the wealth manager says will help it achieve its vision of being the top investment manager for intermediaries.
A press statement released this morning, noted the benefits of the partnership would be three-fold, firstly through providing a “market leading” experience for clients and intermediaries.
It would also mean servicing clients at a lower cost in the medium term, and thirdly, would provide the flexibility needed to conduct “high quality M&A…enabling new businesses to be taken on more quickly and capturing synergy benefits early”.
The statement said Brooks was focused on being “the partner of choice for advisers and trustees”.
“This partnership with SS&C will support the transformation of its intermediary experience, enabled by high quality digital capability using the latest investment management tools.
“The changes will enhance Brooks Macdonald’s current market-leading offering which features compelling investment products and services, and consistently strong investment performance.”
The firm did not expect any redundancies as a result of the deal, but said certain Brooks Macdonald operations employees would transfer to SS&C’s operations team.
Brooks Macdonald chief executive Caroline Connellan (pictured above) said she was delighted to have agreed the deal.
“We are uniquely positioned with our focus on advisers and trustees, with a market-leading proposition and strong investment performance,” Ms Connellan said.
“SS&C has an impressive tr...