Rathbones has gone live with the Xplan advice software by Iress to support its current financial planning business.
Xplan will also be the financial planning platform of choice for Rathbones’ upcoming integration with Investec Wealth & Investment.
Rathbones selected Iress to join its group of service and technology partners because of the modularity of Iress’ solution and its commitment to integrating and partnering with systems from other technology providers.
Xplan, a flexible all-in-one solution
Alex Hore, Managing Director, UK Wealth at Iress, said: “We are thrilled to be working with an organization such as Rathbones, which is known for its pedigree and high standards.
“The market knows Xplan as an all-in-one solution, but many perhaps don’t know about our flexibility. This project highlights how we can slot seamlessly into a complex infrastructure alongside other best-of-breed providers and work collaboratively to ensure the client has the right technology to maximize efficiency and grow. We’re looking forward to a long and successful relationship in supporting Rathbones.”
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Andy Brodie, Chief Operating Officer at Rathbones, said: “The delivery of Xplan alongside our other digital solutions is a key step forward in enhancing the experience of colleagues and clients across the Group. The flexibility shown by Iress to work with our other providers and deliver best-in-class financial planning solutions supports our overall ambition to enhance how we manage client relationships and deliver superior client service.”
Investec expands Treasury Risk Solutions team
Last week, Investec expanded its Treasury Risk Solutions (TRS) team, with a senior hire in the Netherlands. Tom Doomernik joins Investec in a newly created role as Netherlands’ Business Development Team lead, reporting to the Head of TRS for Investec Europe, Aisling Dodgson.
Tom will be responsible for building Investec’s client book in the country to support the passporting of MiFID services into the Netherlands and creating a team on the ground to effectively service the needs of the mid-market, which is a key area of focus for Investec. Tom will be instrumental in positioning the Netherlands as a hub to effectively service this client segment.
Investec’s TRS teams in the UK and Ireland have successfully serviced mid-market clients for over 20 years, supporting businesses to manage risk with a breadth of solutions across commodities, FX, inflation, interest rates and money markets. Services range from sophisticated currency management, a specialist FX desk dedicated to the fund and private capital sector, hedging solutions associated with commodity price volatility and interest rate and inflation risk mitigation, among others.
Investec has been active in the Benelux since 2014 and through the acquisition of a majority interest in what is now Capitalmind Investec in 2023, also provides M&A advice in the region and in Europe, strengthening its footprint across Continental Europe. More recently, Danielle van den Elshout joined Investec in the Netherlands to launch its integrated asset-based (ABL) and cashflow lending offering in the region.
