Multrees Investor Services (Multrees), a provider of outsourced platform, investment administration and custody services, has been appointed by Brompton Asset Management to provide custody and administration for Brompton’s private clients and platform technology across the business.
The partnership will include the provision of a customised client portal, a platform and bespoke client reporting. Appointing Multrees as private client custodian will also reduce the need for multiple processes for various custodians, instead streamlining to a single instruction. Utilising open architecture, the technology service automates manual processes with integrated straight-through processing, removing the need for rekeying and minimising risk.
Brompton Asset Management specialises in managing multi-asset portfolios on behalf of strategic financial intermediary partners, charities, mutual fund investors and private clients as well as offering direct real estate investment services.
John Duffield, Brompton’s senior partner, says: “Multrees has a proven track record in servicing family offices, institutions and private wealth managers with multi-jurisdiction requirements. As our business grows, our clients benefit from our use of innovative technology providers and administrators. The experience and expertise of the Multrees team and our shared priority in providing clients with excellent service should ensure a successful partnership.”
Chris Fisher, CEO at Multrees, says: “Brompton’s significant success and growth over the past decade has led to an operational challenge of managing multiple clients across a variety of custodians, jurisdictions, currencies and types of assets. We are delighted to be able to support this growth with our unique, integrated technology and service capabilities. This new partnership is a further expansion of our footprint in this market, and we are thrilled our proposition will further deliver customised, white labelled solutions to our clients and their end investors.”