Quilter adds app hub to platform
Financial Planner and wealth manager Quilter has added an 'App Hub' to its platform.
The hub will enable advisers to directly connect to third party software via the platform.
Quilter said it would improve overall user experience and aid Financial Planning conversations with clients. It will also remove the need to re-key data, improving efficiency and reducing the potential for human error. the company said.
Advisers using the Quilter platform will be able to have direct access to financial cashflow modelling software Voyant, which will connect to real time data.
Quilter has asked advisers to talk to their platform team about which services they would like to see in future App Hub updates.
The platform is also set to launch a new cash hub on its platform, allowing clients to hold cash and fixed term deposits alongside their other platform assets.
The App Hub is the second new service added to the Quilter platform this month.
Quilter said that more than 100 advisers adopted the new co-branding within the first week of the upgrade being available.
The Quilter platform passed Abrdn to become the largest UK adviser platform by assets under administration during the second quarter of 2023, according to data and platforms consultancy the Lang Cat.
At the end of the quarter Quilter had £69.46bn in assets under administration, versus £69.35bn for Abrdn and £54.61bn for Transact.
Quilter and True Potential topped the advised gross and net sales tables respectively.