View more on these topics

Fairs bids to calm fears after takeover of WMS

Financial Objects is trying to reassure advisers using Fairs Software over concerns that its takeover of Fairs’ parent firm Wealth Management Software creates an uncertain future for the IFA software company.

Banking technology firm Financial Objects has bought WMS for 5.6m. The deal will see the closure of WMS’s head office and make use of Financial Objects’ offshore development centre in Bangalore. But Financial Objects executive director Karim Peermohamed says IFAs will continue to receive face-to-face service and support for Fairs’ customers will stay in the UK.

Peermohamed says: “I cannot stress enough the importance of Fairs in our future plans. It was part of the attraction of the whole deal.”

1st Software managing director Mik Cons says: “For clients of Wealth Management Software it looks like a good move but in terms of Fair Software users it is less clear where it leaves them as Financial Objects’ understanding of the needs of small adviser firms is unknown.”

Recommended

Suffolk Life appoints new sales manager

Suffolk Life has announced the appointment of John Nielsen as sales manager, reporting to John Moret, director of sales and marketing. Nielsens main responsibility at Suffolk Life will be building new relationships with IFAs and investment managers.

2015: a divergence in economic policy?

As the US continues to confound growth expectations and the eurozone’s ‘will they, won’t they’ saga has finally concluded, what are the implications for global markets? James Dowey, Neptune’s chief economist, puts forward his outlook for 2015 and the key considerations for investors.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com