Canadian wealth manager Kinsted Wealth has selected Objectway, a fintech provider of as-a-service software and services, to drive growth with an improved and fully integrated client and investment management platform.
Through the partnership, Objectway aims to help Kinsted Wealth in handling its business in a fully integrated and centralised manner.
It is expected to expedite the growth of Kinsted Wealth’s discretionary business and external adviser network.
Kinsted Wealth president and chief commercial officer Adam Payne said: “In order to deliver bespoke wealth management through our transparent and highly personalised discretionary wealth management services, we needed to focus on our core business, whilst relying on a fully integrated client and investment management solution from a trusted partner.
“Objectway demonstrated they had the right capabilities, data security, market knowledge and experience to support our business growth.”
Objectway’s new client partnership with Kinsted Wealth comes after its recent addition of digital wealth solutions provider Nest Wealth to build the momentum of the company’s active expansion and operational capability in Canada.
By offering investors omnichannel interaction, client engagement and front-office productivity, Objectway will deliver better client experience with digital front-end for Kinsted Wealth.
This will be facilitated by an online portal and mobile applications for investors.
Besides, the solution will allow Kinsted Wealth to enhance client experience by offering a comprehensive client view and a platform that automates information delivery while providing actionable insights.
According to Objectway, Kinsted Wealth will be able to centrally handle client portfolios and their internal pool funds for their discretionary business by leveraging the former’s investment management solutions.
Objectway’s portfolio management system allows straight-through processing for real-time order execution and continuous, automated monitoring of portfolio compliance across all levels.
It also facilitates mass rebalancing of funds and client accounts for Kinsted Wealth’s portfolio, which exceeds $1bn in assets under management.
Furthermore, Objectway’s solutions will deliver unified and centralised data management and storage, including the relocation of historical performance trends.
Objectway Continental Europe and North America managing director Kurt Vanhee said: “We are delighted to have been selected by Kinsted Wealth to enable them to scale their business while optimising and streamlining their operational model through integrated client and investment management solutions that can be easily integrated with their existing business ecosystem, including clients, external advisors and custodians.”