Third Financial unveils new Tercero Platform for wealth managers

Third Financial, a London-based provider of wealth management software, has unveiled its next-generation platform service

Third Financial unveils new Tercero Platform for wealth managers

Third Financial, a London-based provider of wealth management software, has unveiled its next-generation platform service, called Tercero Platform, for wealth and investment managers through its subsidiary, Third Platform Services (TPS).

The new platform will be available in two forms namely FULL and FLEX.

The FULL option includes a comprehensive, whole of market outsourced solution for wealth managers using Third Financial’s front-to-back software product, Tercero.

It offers administration, dealing, settlement and custody services as well as access to all the existing features of the hosted Tercero software.

Additionally, the FLEX option enables customers to choose elements of the full service to create a bespoke solution.

The platform has been designed to adjust to environmental shifts faced by clients including regulatory change. It will provide access to the full capabilities of Tercero software, including multi-currency investment management tools along with straight-through-dealing, settlement and custody.

Moreover, the platform will protect client assets via relationships with custodians and banks and supports links with clients’ preferred wrap providers for SIPPs and offshore bonds as well as provides proprietary tax wrapper services for ISAs and JISAs.

Third Financial Software Group CEO Stewart Foster said: “We firmly believe that the custody market is ready for a new proposition; one that offers wealth managers access to the tools they need to allow them to concentrate on managing their clients’ assets, safe in the knowledge that their technology and operations are in the hands of the expert Tercero Platform team.”