Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a757377

Quilter Cheviot to move over to Figaro

by Elsa Buchanan on Jun 19, 2014 at 15:10

Quilter Cheviot to move over to Figaro

Quilter Cheviot has dropped Quarrier, Quilter’s proprietary investment management system, in favour of third-party provider Figaro.

The move is part of the integration of Quilter and Cheviot, following last year’s merger, and will see Figaro support Quilter Cheviot’s range of direct services.

‘Having considered the commercial factors and which system would best support our business on an ongoing long term basis, we selected Figaro,’ marketing director Jane Seymour said. ‘It made more commercial sense to use the Figaro capability. It was a great platform for the Cheviot business and served them well.’

The business confirmed it would soon initiate the end-testing of the system, and was ‘on track’ to start the migration to the Figaro system later this year.

Meanwhile, rival Brewin Dolphin is facing a £32 million tech writedown after it ditched plans to implement the Figaro software system across its discretionary business, alongside £15 million in additional costs.

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home


As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Investing for income in a changing environment


With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet