Wealth management firm Saltus has selected SS&C Technologies Holdings as its new wealth management platform provider.

The appointment was made following a competitive tender process and will support more than £9bn of client assets to underpin the firm’s next phase of growth.

Saltus will use SS&C Hubwise to consolidate its technology and operations across its wealth management business.

The platform will aim to support both organic expansion and future acquisitions, and help handle increasing client volumes and more complex portfolios.

It has been designed to scale and adapt with Saltus, using SS&C’s proprietary automation tools to streamline day-to-day processes, reduce manual administrative work, and strengthen data quality.

Straight-through processing will aim to simplify portfolio management and transaction handling, supporting Saltus with improving the speed and consistency of account servicing.

Furthermore, enhanced reporting and data management capabilities will look to provide clearer and more timely information for clients and advice.

Saltus noted that the move came as UK wealth managers faced continued regulatory change and rising expectations from clients, with the firm hoping its move to a single, integrated platform will create a more scalable cost base and give advisers access to the data and tools they need to serve clients effectively.

“Saltus has expanded significantly over the past few years, both organically and through strategic acquisitions,” commented Saltus chief operating officer, Alistair Stuart.

“This growth has increased the scale and complexity of our operations and has required a major change in our operating model as a result.

“As we looked ahead to the next phase of the business, it became clear we needed a technology provider capable of supporting our ambitions while maintaining the level of service our clients and advisers expect.

“SS&C Hubwise offers an end-to-end platform with the automation, resilience and flexibility we were looking for, as well as the ability to support further growth over time. By consolidating more of our activity onto a single platform, we are simplifying our operating model and building a stronger foundation for sustainable growth.”

SS&C Global Investor & Distribution Solutions global head, Nick Wright, added: “We are thrilled Saltus has selected our team to support its expanding business.

“As the UK wealth management industry evolves to meet changing regulatory pressures and shifting customer expectations, wealth managers will need cost-effective, innovative technology to compete.

“Our focus is helping forward-looking firms like Saltus modernise its operations so they can grow efficiently, adapt quickly, and continue delivering exceptional service to advisers and clients.”

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