Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Computer screen

15946

SGSS mandated by SCM Private for online wealth management solutions

RELATED TOPICS​

Societe Generale Securities Services (SGSS) in the UK has been mandated by the investment company SCM Private to provide a wealth and investment management administrative outsourcing solution for its three direct-to-consumer online wealth management solutions – SCM Direct.com, MoneyShe.com and SCM 50.com. 



SGSS was selected by SCM Private for its capacity to provide a complete front-to-back office wealth management solution which combines an end-investor web portal with performance measurement, portfolio composition and real time positions alongside middle- and back-office services that span deal execution, portfolio management functionalities, multi-product clearing and settlement processing.
 
The solution also provides custody safekeeping at a segregated client account level. 


 
Gina Miller, founder of SCM Private says: “SGSS was the only provider that was able to meet our functionality, administrative, custody and fund administration requirements. They understand the wealth management industry’s need and demand for a tailored turn-key solution that adapts both to regulatory and cost cutting pressures, as well as the changing profile of end-investors.
 
“Our new online investment direct-to-consumer platforms have been developed to engage very specific target audiences and offer them low cost access to high end investment management by undercutting competing platforms on costs and fees. The technology and services provided by SGSS to power all three sites will be instrumental in achieving our goals of efficiency, reducing costs and improving transparency for our clients.”
 
“SCM Private represents an important client partnership for SGSS,” says Michael Le Garignon, head of SGSS sales, business development and relationship management in the UK. “We have worked closely together to ensure that we are delivering a solution that not only represents value both to SCM Private and their end-investors, but that delivers a scalable, long-term solution.”  


 
SGSS’ wealth and investment management outsourcing solution, launched in the UK in September, is aimed at mid-tier wealth and investment fund managers and spans the full post-trade value-chain from global execution to global custody. 


Latest News

RQI Investors, an Australian-based active quantitative equities manager and part of the First Sentier Investors..
UK-based wealth management companies London & Capital and Waverton have announced that they have reached..
Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence..

Related Articles

British pound coin
Fixed income’s return to favour following widespread interest rate rises has led to investors overcrowding sterling investment grade credit, delegates at the Pensions and Lifetime Savings Association investment conference have heard...
Fixed income’s return to favour following widespread interest rate rises has led to investors overcrowding sterling investment grade credit, delegates..
Sustainable Economy Top Panel
Europe is driving the growth in sustainable investment with global assets under management in ESG-labelled funds passing USD2.8 trillion...
Europe is driving the growth in sustainable investment with global assets under management in ESG-labelled funds passing USD2.8 trillion...
Pension funds
UK institutional investors are questioning the value of investing in private markets despite pressure from government to finance the country’s net zero and levelling up ambitions...
UK institutional investors are questioning the value of investing in private markets despite pressure from government to finance the country’s..
Juan Nozal, Mapfre Asset Management
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024, in what he predicts will be an outstanding year for this asset class...
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024,..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by