Wealthtech

Schroders Taps Temenos’ Wealth Management Solution to Automate Its Front Office

Banking software company Temenos announced that Schroders Wealth Management in Switzerland has selected its solution to automate and enhance its advisory business.

Schroders Wealth Management will deploy the Temenos Wealth Front Office which is a portfolio management system on its existing Temenos Transact core banking platform to enhance the capabilities of relationship managers, advisers and portfolio managers.

With Temenos Wealth Front Office, Schroders Wealth Management will have standardised advisory processes.

The solution includes dashboards for relationship managers and portfolio managers, client and investment profiling, investment proposal process, advanced order generation, comprehensive pre- and post-trade compliance checks, flexible benchmarking and performance reporting.

It also provides a broad range of portfolio modelling and rebalancing tools, covering a wide range of assets, in a user-friendly and highly intuitive user experience.

Schroders Wealth Management said that it has £ 65.7 billion of assets under its purview from its clients worldwide in the UK, Channel Islands, Switzerland, Singapore and Hong Kong.

Giovanni Leonardo, Head of Investment, Schroders Wealth Management, Switzerland, commented:

Giovanni Leonardo

“We chose Temenos Wealth Front Office following a selection process to support our advisory business in Switzerland. The software handles all the complex processes and stringent regulations involved in advisory portfolio management, allowing our relationship managers to focus on the needs of our clients. It also provides the flexibility and efficiency we need in discretionary portfolio management.”

David Macdonald, President of Europe, Temenos, said:

David Macdonald

“We are proud to extend our long-term relationship with Schroders Wealth Management. As the bank seeks to grow and expand its service offering, Temenos Wealth Front Office will help to deliver an enhanced service, greater efficiency and consistent experience for its high and ultra-high net worth clients, leading to greater customer longevity and new business opportunities.”