Third Financial, the leading supplier of wealth management software and platform services, is reporting unparalleled success for its recently launched Platform offering.
The Platform service, marketed as Tercero Cloud, launched in November 2016 and has been gaining momentum in the market over the past 6 months. A comprehensive technology and operations outsourcing service for Wealth and Investment Management, Tercero Cloud includes turnkey provision of custody, clearing and electronic dealing. It comes with all the benefits of Tercero Wealth and the state of the art Tercero Digital portal. The offering is now fully operational and already boasts seven clients, five of whom are live. Tercero Cloud is receiving industry-wide praise and is proving so well-suited to the market that Third Financial is reporting a sign-up rate of one new client per month. For the hundreds of UK firms with sub £1 billion AUM, Tercero Cloud offers the three major benefits of superior technology, a low, all-inclusive charge and a completely personalised service. Commenting on the success of Tercero Cloud, Stewart Foster, CEO of Third Financial, said: “The first phase of our vision for Tercero Cloud is now complete and what a year it’s been. With the first clients on board, the service is proven and operational. As the only offering like it in the UK, Tercero Cloud is setting new standards.” Ian Partington, CEO of Third Platform Services, adds: “The need for a truly integrated platform service, inclusive of ultra-modern tools is increasingly important for investment managers and their clients. Tercero Cloud is ground-breaking in its makeup and on the anniversary of our FCA approval, we’d like to thank our dedicated team and the first clients for making our first six months, a resounding success.”