Northern Trust has announced its appointment as an asset servicing solutions provider to True Potential, a UK-headquartered wealth management firm.
The wealth manager shared that it is providing fund accounting, custody, depositary and transfer agency services to True Potential’s open-ended investment company UK-domiciled fund range.
The investment products are distributed by regulated advisory businesses offering a ‘hybrid advice’ mix of expert financial advice and technology for private clients and to non-advised clients via the investment platform.
Louise Blagbrough, head of strategic partnerships and projects at True Potential, commented: “The appointment supports our ambitions of continuing to grow our business by driving positive industry-wide change in how wealth management is delivered while empowering financial advisers and their clients to take control of their futures.”
Laurence Everitt, head of global fund services, UK at Northern Trust, said: “Northern Trust’s open architecture approach to developing our technology platform helps us integrate smoothly with our client’s operating model.”
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