October 15, 2019 (UK) London: Contemi Solutions, the supplier of the Wealth Intelligence (WIN) family of modular solutions to wealth management, banking and financial institutions in the UK, in partnership with Allfunds, today announced that Blankstone Sington, an independent investment management and stockbroking firm based in Liverpool, has successfully implemented an automated gateway to Allfunds’ fund execution platform.
During recent years the wealth management industry has made significant gains in productivity, however Blankstone Sington identified that the management of fund orders was an area that required greater efficiency. They turned to the partnership of Wealth Intelligence and Allfunds for help in resolving this challenge.
Blankstone Sington already used the WIN platform, including its capability to automate the order management process. The partnership between Wealth Intelligence and Allfunds augmented this with a real time gateway, allowing access to Allfunds’ vast fund universe and creating seamless straight through processing (STP) from order initiation right through to execution.
Neil Turner, CEO at Blankstone Sington said “Automation between the WIN platform and Allfunds will remove barriers to the future growth of our business, reduce our risk, whilst improving market access we provide to our clients and reducing our transaction processing costs”.
Matt Gunnell, Product Manager, Wealth Intelligence, said, “Partnering with Allfunds, the leader in the funds industry, is an essential part of our business strategy in developing our full front to back Wealth Management solution.”
Kean Williams, CEO of Contemi Europe, said “The partnership with Allfunds has also already proved highly successful in its ability to answer the needs of Blankstone Sington, and we look forward to implementing the gateway to an additional customer in November of this year. Our new ownership under Contemi has stated their commitment to investing in our strategy to revolutionise the Wealth Management technology space so these are exciting times for us”.
Simon Shapland, UK Country Head at Allfunds said “We are pleased to be partnering with Blankstone Sington and Contemi. I am confident that this new partnership will offer investors a seamless and more transparent way to access funds in a digital environment.“
Liverpool based Investment Managers and Stockbrokers, Blankstone Sington was founded by Michael Blankstone along with his business partner Reggie Sington in 1976. An independently owned private client boutique that’s not lost sight of its heritage in traditional stockbroking, it has evolved into a modern, forward thinking investment manager. As a firm they reflect the same determination, entrepreneurial spirit and “can do” attitude that have cemented Liverpool’s place in the history books.
Allfunds Group offers integrated fund solutions (operational, analysis and information). Created in 2000, today Allfunds has more than €390 billion assets under administration and offers more than 80,100 funds from over 1,534 fund houses. Allfunds Group has a local presence in Luxembourg, Switzerland, United Kingdom, Spain, Italy, United Arab Emirates, Singapore, Chile, Colombia and Brazil and has 649 institutional clients, including major commercial banks, private banks, insurance companies, fund managers, international brokers, and specialist firms from 45 different countries.
Contemi solutions has been a leading provider of full function platforms and ‘best of breed’ modular solutions to the financial services and insurance industries for more than 25 years. It presently supports over 50 customers in 11 countries. This is achieved with a team of 200 employees spread across seven offices, including 4 developments centres, strategically positioned to ensure local support across global time zones.
Public Relations WINcomms@contemi.com