Finscape’s February data went live on Monday 24th March — later than usual because we welcomed 2 new platforms, Quilter and abrdn, on board. Despite these additions, cloud computing plus our state-of-the-art technology and algorithms meant that our monthly data release was comfortably ahead of our competitors’.
With the addition of Quilter and abrdn, Finscape now counts 14 platform contributors, matching and even surpassing our competitors’ coverage. As a result, retail wealth management assets climbed to £558.6bn, while February’s gross and net sales were £15.6bn and £2.2bn respectively.
With these two platforms on board, we expect more fund managers to make the decision to switch to Finscape and receive fresh, timely, relevant and accurate distribution intelligence. Four of the top 10 fund managers in the UK and one of the largest global players are already clients, including Baillie Gifford and Schroders.
We have a strong pipeline of fund managers coming on board over the next few months, and this week we were delighted to announce a global deal with Northern Trust (Nasdaq: NTRS) to provide its asset management clients with a comprehensive view of their fund distribution activity.
Under the agreement, Northern Trust will make Finscape available to its asset manager clients globally, allowing them to carry out forensic analysis of distribution, and providing them with access to valuable information to inform their sales, marketing and product development strategies and meet regulatory requirements.
Finscape MD, Bella Caridade-Ferreira, commented “We’re really pleased with our progress since our October 2020 launch. Now that we have comprehensive platform coverage (90%), the fact that we deliver competitively priced, actionable insights and intelligence just two weeks after month end is a compelling proposition for fund managers.
“We will be holding regular webinars and events to share and showcase our unrivalled distribution intelligence and insights. Don’t miss out by signing up for our newsletters and events on the Finscape website: https://finscape.co.uk/.”
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Notes to publishers
Finscape is an end‐to‐end solution that will help investment providers streamline their market intelligence needs, save time and reduce costs. Finscape gives investment providers a comprehensive, accurate and trusted view of their client book dovetailed with the wider market.
After 18 months of design and development, the system launched in October 2020. Since then, Finscape has added 14 platform clients and 10asset management clients to its roster.
Finscape is a joint venture between leading investment research house, Fundscape, and financial services systems supplier, Altus. Altus software manages most asset transfers between UK platforms and has been ISO 27001 accredited since 2017.
For more details about our distribution intelligence software, please visit: https://finscape.co.uk/.
For more information, please contact:
Bella Caridade-Ferreira, Joint Managing Director.
Tel: +44 (0)7980 241298, firstname.lastname@example.org