Vertex has announced that John Scott & Partners has selected its straight-through-processing technology proposition to support its new wealth management group.
JS&P says that following its acquisition of Towry Law earlier this year it will be utilising 1st software for its 200-odd advisers’ STP needs.
Vertex Life, Pensions & Distribution managing director David Child says the contract is a great win.
Child says: “We are delighted to conclude this major contract for a complete STP solution with one of the UK’s leading wealth management companies. The benefits of using Adviser Office, seamlessly integrated with Exweb for protection business and Pulse for investment management, will give JS&P/Towry Law a tremendous competitive advantage – eradicating many of the usual problems advisers face with ad-hoc technology solutions.”
JS&P chief executive Andrew Fisher says: “As long-standing users of 1st prior to the acquisition, we were already impressed with the commitment and service which we had received and now with the powerful additional functionality delivered by The Exchange, the complete STP solution will give our wealth advisers a simple but effective business tool.”