PlatformsJun 18 2015

Avaloq implements wealth management platform for Canaccord

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Avaloq implements wealth management platform for Canaccord

Financial services provider Avaloq has implemented its first fully-integrated UK wealth management platform for Canaccord Genuity Wealth Management.

The group transitioned Canaccord Genuity Wealth Management in the UK and its offshore locations to a fully integrated modular software solution to support back, middle and front office functions.

At present, staff at the wealth manager administer over £11bn of assets on behalf of more than 12,000 clients from offices in London, Guernsey, Jersey and the Isle of Man.

David Esfandi, chief executive at Canaccord Genuity Wealth Management, stated that implementation of the Avaloq platform allows them to focus on delivering innovative solutions and creating long term value for clients.

Chris Longden, managing director of Avaloq, added that the two firms worked together for 15 months to ensure the first pure wealth manager in the Avaloq UK community achieved a successful live running.

ruth.gillbe@ft.com