Winterflood Business Services passes GBP1bn AuA milestone as platforms widen asset reach
Winterflood Business Services (WBS) – a market leader in outsourced dealing, custody and settlement services – has passed GBP1 billion in assets under administration (AuA).
The growth is attributed to a steady rise in existing AuA and a surge in platforms seeking to unlock the potential of investment trusts and ETFs via automated processes and aggregated trades.
Alex Kerry (pictured), head of Winterflood Business Services, says: “This is a key milestone in the development of our business. It demonstrates our cutting-edge technology and flexible proposition are enabling clients to meet the requirements of a rapidly changing investment landscape.
“We are building relationships with progressive platforms seeking to build and provide whole-of-market infrastructure in a post-RDR world. Through these strategic partnerships, we can widen the asset reach for clients and reduce dealing costs through aggregation and automation.
“We are also helping clients to stay ahead of the regulation curve by delivering solutions on key issues such as best execution as MiFID II approaches. Our proven state-of-the art technology and outsource dealing expertise brings improved execution efficiency at controlled costs, as well as relieving regulatory and reporting burdens.”
Winterflood Business Services launched its service in 2011. The company’s most recent partnership with the Novia platform has enabled a new automated facility, enhancing access to ETF trading, while reducing trading charges.