Wealth platform surpasses £2bn assets under management
GPP, the wealth solutions, custody and clearing provider, has revealed client assets on its wealth platform have surpassed £2bn in value.
The firm has exceeded £2bn in assets under administration in less than two years since its initial investment management client was onboarded, which the company says, highlights “a strong period of growth as wealth managers, discretionary investment managers and IFAs respond to its efficient outsourced platform”.
GPP launched the platform in 2017 as a streamlined offering combining digital technology and GPP’s established global execution services and proprietary back office.
Operating as a single, integrated platform for the full investment lifecycle, it provides GPP’s clients with a solution which can be modified for a bespoke service.
GPP Wealth Solutions encompasses client relationship and portfolio management technology, a client portal and app, client reporting, and access to GPP’s established global execution, settlement and custody services.
The firm states on its website: “We work with a diverse range of professional clients including IFAs, discretionary and advisory fund managers, and family offices and private investment offices.”
Tom Wooders, head of clearing and wealth solutions at GPP, said: “Our aspiration when founding GPP’s Wealth Services business was to create a compelling alternative to many of the traditional service models, whereby investment managers can source outsourced services on a modular basis across the full range of execution, portfolio administration, settlement and custody.
“We are very pleased to have seen our model’s core tenets, scalability and efficiency, resonate so strongly in the wealth management market, and I look forward to being able to continue to work with our existing and future clients in support of their business growth.”