Advice firm's boutique partners with Winterflood

Advice firm's boutique partners with Winterflood

Advice firm Progeny has announced a partnership between its investment boutique division and Winterflood Business Services.

WBS will provide Progeny Asset Management with an integrated wealth management system across its discretionary investment management bespoke and model portfolios offering. 

Progeny has also partnered with Iress which will provide the investment management team with market data terminals and a scalable private wealth platform, including an integrated digital client solution providing its clients with online access to their investments.

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Ian Hooper, director of Progeny Asset Management, said: “Working with two leading providers in the industry enables Progeny Asset Management to deliver a complete and robust service to our clients.

“Our aim is to utilise best of breed technology to support the individual wealth management needs of each of our clients.

“WBS’ utilisation and provision of market leading services for the business have played a crucial role in the early development of Progeny Asset Management. 

“Moreover, the experience of the WBS team has instilled confidence in us that they will continue to respond to our changing needs by delivering, flexible, controlled and robust solutions as we continue to grow, supporting our broader business strategy.”

WBS will also support Progeny Asset Management with the provision of bespoke and flexible dealing, custody and settlement services, enabling Progeny Asset Management to better meet the challenges of a rapidly changing regulatory and technical environment.

Alex Kerry, head of Winterflood Business Services, said: “By adopting this best-in-breed approach Progeny is at the forefront of platform innovation.

“With this collaboration, together we are effectively bringing institutional-level technology to the retail audience and will enable Progeny to offer greater choice across multiple asset classes, as well as drive greater efficiencies and deliver cost-effective solutions to its spectrum of clients.”

Progeny Asset Management is part of the Leeds-based Progeny Group which also offers wealth planning and legal advice.