1ST Exchange and Octopus join forces to provide new bulk valuation service to advisers

12 July 2010

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1st Exchange and Octopus Investments have today announced a partnership between the market-leading back office software solution, Adviser Office (AO) and investment management company Octopus Investments.

This technology integration ensures advisers can follow, track and download reports for all client portfolios without having to request reports directly from Octopus. It will be particularly useful when used in conjunction with the investment company's discretionary portfolio management solution, Octopus Portfolio Manager.

Octopus offers a range of investment solutions to suit different needs including Venture Capital Trusts (VCT), Enterprise Investment Schemes (EIS) and Inheritance Tax (IHT) investment solutions, as well as multi manager and absolute return funds.

Karen MacKenzie, desktop product manager, 1st Exchange, explains: “We believe client choice is of the utmost importance and our advisers have access to the widest range of products and services on the market. With this new partnership with Octopus Investments our users can now receive a completely automated schedule of bulk updates and valuations for all their clients in a single file, including all investments, cash and portfolio assets held – offering significant time savings on valuation and client servicing activities.”

Guy Myles, managing director and co-founder of Octopus, added: “We are delighted to have implemented this integration with 1st Exchange, the first step in our long-term programme of partnering with providers who service the IFA community. We are committed to making advisers' day-to-day lives easier and more efficient, while enhancing the overall service proposition to investors. As we roll out the Octopus Portfolio Manager solution, this kind of functionality will enhance advisers’ experience of using our service.”

He added: “The new integration not only makes on-going business easier for advisers, but it also helps them to prepare for the forthcoming RDR regulations. It is a service which can run unattended through automated processes. The technology assists advisers in managing exceptions, allows more efficient valuation reporting and increases their visibility of clients’ portfolios.”

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