Iress has been selected by Mattioli Woods to be its service and technology partner to support future growth.
Xplan, Iress’ advice software, will be deployed across the whole of Mattioli Woods' wealth management business, including employee benefits.
The firm said a phased implementation is underway, with nine offices having migrated onto Xplan since June, with the final office to complete in 2024.
Alex Hore, managing director of UK Wealth at Iress, said: “We’re delighted to extend and deepen our longstanding relationship with Mattioili Woods.
“Like many of our clients, they are growing organically and through acquisition.
“Adopting a core operating platform across the business will accelerate their business goals, drive greater efficiency and most importantly help them deliver excellent client service.”
Mattioli Woods has over 11,000 clients, 900 employees and £15bn in assets under management, administration and advice.
As part of the group’s long-term strategy, Mattioli Woods was seeking a scalable technology solution able to support its current business needs and future growth aspirations.
Michael Wright, group deputy chief executive officer, said: “Mattioli Woods is known for achieving great outcomes for its clients.
“As we’ve grown, we’ve developed real centres of excellence within our business.
“Using Xplan as our core client servicing hub, we will have the scale and operating efficiency to be able to extend all our services to all our clients, where suitable, helping them achieve their financial goals and delivering ongoing improvements in their user experience.”
Wright said the firm has been impressed by Iress’s capabilities.
Hore added: “Iress is investing in both our implementation and migration capabilities to ensure we can meet demand from new clients, while delivering with speed and quality.
“We are committed to the UK and look forward to delivering enhanced solutions to Mattioli Woods and all our clients here.”
Earlier this year, Hore told FT Adviser the company completed "a really long restructure" which saw it split from its Australian operations to achieve “strategic and operational autonomy” in the UK.
He said the firm hoped to win "lots of new clients" after restructuring the business away from its Australian parent.
It wants to use this as the basis for further expansion in the UK and to innovate around the products it offers to advisers.
sonia.rach@ft.com
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