Cauvery selects Third Financial for custody and platform services

Independent wealth manager Cauvery has appointed Third Financial to provide it with custody and platform services through its Model B proposition.

Through the partnership, Cavery will also utilise Third Financial’s integration with Intelliflo to create a connected technology ecosystem across advice, custody, and investment management.

Cauvery launched its boutique wealth advisory proposition last year, focused on providing a bespoke service to high net worth clients, and has also recently established a discretionary bespoke investment option.

It was founded by former RBC Brewin Dolphin head of 1762, Simon Blowey, while ex-Quilter Cheviot CEO, Andy McGlone, joined earlier this year.

It has also recruited an experienced management team, including several former RBC Brewin Dolphin employees.

Third Financial said its partnership with Cauvery strengthened its position as a provider of bespoke platform and custody solutions for discretionary investment managers, advisory firms and wealth management businesses.

The business, which is part of the Nucleus group, has won five new client mandates in 2026 so far, including Lulworth and Harris Rose.

Its technology is now used by over 60 firms and the company manages more than £50bn of assets under advice.

“When launching our discretionary bespoke proposition, we were looking for a modern technology-led platform that could help us deliver the best service for our clients,” said Cauvery managing director, Andy McGlone.

“Third Financial stood out as the clear choice to deliver the foundation on which to build our client proposition, as well as being a long-term strategic partner who will support our future growth plans.

“An important factor in our decision was Third’s existing two-way integration and partnership with Intelliflo, as we wanted a platform that could seamlessly slot into our existing ecosystem. We’re excited to continue working closely with both businesses to further develop the integration around our own proposition.”

Third Financial commercial director, Ricky Ali, added: “Being chosen to support Cauvery during the next stage of its growth is a vote of confidence in our proposition.

“The Cauvery team have built a high-quality, founder-led business with a clear vision for the service they want to provide. We’re delighted that they have chosen us as their long-term strategic partner.

“Our Model B proposition is designed to give firms greater flexibility and control over the experience they deliver to their clients, backed by the technology, operational expertise and dedicated support required to help them grow with confidence.”

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