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IN THE PRESS: Evolving the platform market: Fidelius appoint Hubwise to deliver new investment platform, Advance

By June 20, 2018 No Comments

We’re delighted to be featured in Professional Adviser and Financial Planning Today for our recent collaboration with Fidelius. Read on to find out more…

Following an intensive market review and due diligence process, Fidelius have selected Hubwise as their new, modern investment platform. The new platform will be branded to IFAs as Advance, and will enable Fidelius to consolidate its growing wealth business from multiple platform solutions to the single, white-labelled platform from Hubwise.

A critical part of the platform’s evaluation involved modelling every advised client on value and service delivery. This led Fidelius to the clear conclusion that the vast majority of clients would achieve better outcomes on the new platform and none of its clients would be worse off. The consolidated platform approach, combined with the high levels of process automation delivered by Hubwise’s proprietary technology, will allow Fidelius to sharpen its focus on the investment process and the building of enduring client relationships.

Jim Grant, CEO Fidelius Ltd, said, “My ambition to scale Fidelius and put our clients at the heart of our advice and service proposition and to deliver better value for money, has led to our decision to have our own platform. After reviewing the marketplace very thoroughly over the last 18 months and looking at which company could deliver to our high service expectations and help us to develop our new client proposition further, we decided to work with Hubwise. They have been a great partner during the due diligence, testing and pre-launch phases and I am positive they will continue to deliver going forward, helping Fidelius to deliver a first class and market leading offering to our clients.”

Angus Macdonald, CEO Hubwise, also commented, “We see the move away from multiple platform solutions to single product agnostic delivery as the next evolution in the platform world. The current platform landscape is changing and this is simply a natural progression. Hubwise not only provides the best value pricing across the board but offers the tools and products to allow an adviser firm to evolve their service using our purpose build modern software which has been specifically designed for the needs of the market today. We look forward to working with Fidelius and helping them deliver a seamless integrated solution that provides unprecedented levels of automation while delivering excellent outcomes for the client, adviser and manager alike.”

Fidelius’ decision to work with Hubwise is seen as important development in the ongoing changing scene of multiple platform solutions and heralds an exciting future for both parties.