Wealth management tech firm Wealth Dynamix reports 700% revenue growth and several major clients live on their wealth CRM solution.
Conduct Risk regulations driving technological change for Wealth Management sector
London, November 18th, 2014 – Technological and cultural change demanded by conduct risk regulations for the UK’s wealth and Investment management sector has enabled Wealth Dynamix, the sector’s leading CRM software company, to announce 700% growth in revenues over the past 12 months with further significant growth envisaged in the next year as it increases its portfolio of wealth and investment management clients that seek to further align themselves within the industry Conduct Risk Framework and improve the way they on-board and manage clients.
Over this period, Wealth Dynamix has grown from three to thirty plus employees and has relocated to new offices in Shoreditch, London, as well as opening its first European office in the Boulevard Royale in Luxembourg to service its growing European client base.
The wealth and investment management industry is increasingly under the microscope of the Financial Conduct Authority, which is enforcing improved client due diligence and record keeping, particularly in the area of client suitability.
The rapid adoption of Wealth Dynamix has been founded on the concept that a Customer Relationship Management system, specifically tailored for the Wealth Management sector, can transform the way an organisation manages and communicates with its clients, allowing new efficiencies in day-to-day activity while evidencing all aspects of client interaction and adherence to conduct of business guidelines.
Commenting on the firm’s success, Mr Gary Linieres, CEO, said: “In light of significant change in the industry from the UK regulator, wealth managers are under more pressure than ever before to ensure compliance. Conduct Risk Management is a huge but necessary regulatory responsibility on the UK’s wealth management sector and customer protection is now both a cultural and technological challenge as much as compliance issue.
“Many firms are still missing a trick – those that embrace this technological approach will not only avoid potential FCA penalties but also improve the efficiencies of their day-to-day business. We see our clients increasing their own customer retention with a better and more personalised service as well as growing new business by improving their sales, marketing and on-boarding processes.
“Wealth Dynamix’s growth over the past 12 months has been fantastic and we are receiving positive recognition in the market. However, what pleases us most is getting firms such as Charles Stanley PLC on our solution quickly and watching them realise positive change in their business.
Wealth Dynamix specialise in delivering CRM solutions to the Wealth Management and Investment Management markets. Wealth Dynamix have tools designed and built on the Microsoft Dynamics CRM platform which include key components such as a Wealth specific CRM, Digital Marketing, prospect management and client on-boarding processes, risk profiling tools, KYC, CDD and suitability processes, intermediary and client portfolio valuation tools for discretionary and advisory managers, customer liaison workflows for operational management, DMS Integration, flexible dashboards, mobile and telephone connectivity, marketing and campaign management, management and business intelligence reporting, custom reporting and many other features.
3 November 2022
We are delighted to introduce two new faces here at Wealth Dynamix - Darell Miller as Managing Director APAC, and Urs Christian Eugster-Schnell as Commercial Director Europe (DACH).
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27 October 2022
Wealth Dynamix, specialists in Client Relationship Management (CRM) and Client Lifecycle Management (CLM) for the wealth and private banking industry, has been awarded BS EN ISO/IEC 27001:2017 certification.
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25 October 2022
Wealth Dynamix is proud to be awarded Best CLM Solution UK in the Wealth & Finance International 7th annual Fund Awards 2022.
2 min. read