Third Financial deeply integrates with Intelliflo for new discretionary proposition for Cauvery
Third Financial, the technology-led platform specialist within the Nucleus group, has been selected by independent wealth manager Cauvery to provide custody and platform services through its Model B* proposition.
Cauvery will also benefit from Third Financial's established integration with intelliflo, creating a connected technology environment across advice, custody and investment management.
Cauvery launched its boutique wealth advisory proposition last year, focused on delivering a personalised service to high-net-worth clients. In recent months, it has established a discretionary bespoke investment offering.
The firm has assembled a highly experienced management team, drawn from some of the UK's leading wealth management firms. Founder Simon Blowey was previously a senior figure at RBC Brewin Dolphin and Andy McGlone, Quilter Cheviot’s former CEO, joined earlier this year.
The partnership with Cauvery further strengthens Third Financial's position as a provider of bespoke platform and custody solutions for discretionary investment managers, advisory firms and wealth management businesses seeking greater control over their propositions while benefiting from specialist operational support.
In total Third Financial has won the mandate for five new clients so far this year, including Lulworth and Harris Rose. Third’s technology is now used by more than 60 firms and it now manages over £50bn of AUA.
Andy McGlone, Managing Director at Cauvery, said: “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. 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.”
"We feel we’ve found a partner that can provide both the infrastructure and flexibility we need to support our growth, whilst allowing us to remain focused on delivering strong investment outcomes and superior client service. We’re looking forward to working together.”
Ricky Ali, Commercial Director at Third Financial, 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.”
“Our continued and sustained growth reflects our position as the first choice for investment managers and advisers seeking industry leading technology-led solutions, and a focus on great customer service.”
Alan Easter, Chief Commercial Officer, intelliflo, commented: “Advice firms do their best work when their technology works together. Our platform integration lets client data move from intelliflo office to Third Financial with no logins and no re-keying, for onboarding, valuations and fees, so advisers and their teams spend less time on admin and more time with their clients.
“Lower costs and more accurate and timely data for the firm lead to faster, better-informed advice for the client. We’re proud to sit alongside Third Financial as a core technology powering Cauvery’s operation, and we look forward to continuing supporting the business as it grows.”
*Model B is designed as a B2B setup for wealth management firms. Unlike a retail platform, where the platform controls key aspects of the client experience and proposition, allows the wealth firm to retain its own brand, client relationship and investment proposition, with full control, whilst outsourcing custody, settlement, dealing and operational administration to a specialist provider, such as Third Financial.
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