UK wealth management firm Ashcourt Rowan has outsourced portfolio, settlement and custody services to financial outsourcing firm TD Wealth Institutional.
Ashcourt Rowan says the move brings together the firm’s asset management activities on a single platform, allowing its advisers to concentrate on serving clients and managing portfolios.
TD Wealth’s platform include online client access, client reporting and portfolio management, and provides Ashcourt Rowan’s investment managers with risk systems and compliance monitoring tools.
TD Wealth used JHC Systems’ Figaro system. The system is now live for new clients with existing clients moving onto the system from late May 2013.
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