Ashcourt Rowan Asset Management is outsourcing its portfolio, settlement and custody services to TD Wealth Institutional.
TD Wealth’s asset management platform, which uses JHC Systems’ Figaro system, is already live for new Ashcourt Rowan clients, with existing clients being moved over later this month.
Ashcourt Rowan says the platform gives its investment managers access to a complete front-to-back solution with online account access, client reporting and portfolio management tools.
Group chief executive Jonathan Polin says: “Bringing together Ashcourt Rowan’s asset management activities onto a single operating platform is a significant step forward in the transformation of Ashcourt Rowan into a modern, integrated wealth manager.
“By outsourcing we can focus on what we do best: looking after our clients, providing high-quality advice and making the most appropriate investment decisions for them.”