National advice firm Foster Denovo will use London-based Host Capital’s digital offerings to help build its new investment platform.
Foster Denovo is in the early stages of the development using Host Capital’s digital wealth solutions. The platform’s system will also use Tercero software from software provider Third Financial Service.
The Tercero platform already manages around £40bn of assets across outsourced middle and back-office operations.
Money Marketing revealed the plans for Foster Denovo’s platform last week, which will be launched later this year.
Foster Denovo chief executive Roger Brosch says: “We have confidence that the Host Capital team can offer the right blend of discretionary risk adjusted model portfolios and cutting-edge software.”
The selection of Host is the result of a lengthy due diligence process, Brosch adds.
The platform will provide access to Foster Denovo’s portfolio range. The firm already has an internal investment management company, Sequel Investments, with a platform adding a second element of vertical integration.
A spokeswoman told Money Marketing last week: “The platform will offer our advisers and clients cutting-edge functionality, service capability and disruptive pricing.”
Money Marketing understands that client access to see the range of their investments and their performance will be an important piece of functionality for the platform.