News & Events

InfoComp and Distribution Technology work to aid providers achieve ‘best of breed’ Wrap solution

InfoComp UK, the first UK based software wrap provider to gain FSA approval for its Composer wrap solution, is to partner with Distribution Technology, the UK’s leading provider of advice technology.

The combination of InfoComp’s Composer wrap platform technology, which provides a complete administration solution including record keeping, dealing and reporting functionality and Distribution Technology’s Planning and Sales Platform will enable both parties to offer existing and future clients a wrap solution that delivers both the client facing and back office functions necessary to provide a market leading wrap offering. 

Commenting on the link-up Bryan Hill, Director of InfoComp UK said:

We are delighted to be partnering with Distribution Technology, which has a well earned reputation as the leading provider of front-end advice technology in the UK. When combined with Composer, our market leading wrap platform technology, mutual clients will be in a position to deliver a best of breed wrap solution to their clients within a tested model.  We believe this partnership will enable us to create even further space between InfoComp and other wrap suppliers active in the UK market.

Paul Richardson, Client Director of Distribution Technology said:

We share InfoComp’s enthusiasm for the benefits our co-operation will bring, particularly for financial institutions looking to fast track into the wrap market with a combination of technology and services covering the full planning and wrap platform solution.

ENDS

For further information please contact:

Bryan Hill, Executive Director, InfoComp UK
Tel:  020 7744 7708

Rob DeDominicis, CEO InfoComp
Sydney office: +61 (0) 2 9005 0911
Skype: robert_dedomincis

Jain Castiau – Cauldron Consulting
Tel: 020 7663 0802 Mobile 07 909 963 969

Notes to Editors:

InfoComp UK

Composer - a wealth management registry and administration platform.  It provides the comprehensive functionality necessary to support the administration of a broad range of financial products, including:

• ISA, PEP and Direct Tax Wrappers; Unit Trusts, OEICS, Collectives, Equities
• SIPP / Appropriate Personal Pensions / Stakeholder / Drawdown
• Onshore / Offshore Bonds
• Administration of mutual fund products
• Life insurance administration supporting individual and group insurance products and processes within a Wrap environment

The above make Composer much more than a simple aggregation engine. It can offer a complete range of underlying administration and processing capabilities necessary for a feature-rich Wrap or Silo platform.

Composer includes full registry and transaction processing, accounting, banking, commissions, product definition, fee structure definition, general ledger and process, imaging & workflow control. 

InfoComp can provide all regulatory, operational, administrative and technology services - effectively a complete business process outsourcing service. This service also includes the customisation of the Composer platform solution for each new client and the subsequent administration and reporting of the products.

A messaging framework for business to business e-commerce applications for wealth management platform providers forms part of the Composer system.

Origin InfoComp was founded in 1988 in Sydney, Australia and has become the leading supplier of software solutions to the Australian wealth management industry. 

• Australian clients include JP Morgan, Macquarie Bank, RBC Dexia, Credit Suisse Asset Management, Westpac and Merrill Lynch Investment Managers.
• The business is privately owned.
• Infocomp systems administer in excess of Aus $130 billion of funds as at 30th November 2006.

Distribution Technology

Distribution Technology is the leading provider of advice technology in the UK.

It works with over twenty of the country’s leading banks, life and pension companies, wealth managers, platforms and building societies. It develops exceptional, tailored solutions that dramatically enhance the profitability and compliance of advised distribution.

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02/02/07