Wealth Dynamix launches WDX ONE, cloud-based platform for wealth & investment managers
UK-based CRM solutions provider Wealth Dynamix has launched WDX ONE, a cloud-based framework for wealth and investment managers.
WDX ONE is targeted at small to mid-market firms, and Wealth Dynamix says it cuts implementation costs by over 60%. Groupe Financiere Hottinger (GFH), a London-based portfolio management and financial advisory service, is one of the first to sign up to the platform.
Tim Sharp, executive director at GFH, says WDX ONE is a “solid, scalable” platform and the company is “impressed” with its functionality.
The framework provides a suite of tools – such as operational management, client on-boarding, suitability, marketing, business insight, sales performance, reporting capability and integration. It also comes “pre-packaged” with KYC (know your customer) and suitability requirements, and AML (anti-money laundering) integration.
Gary Linieres, CEO of Wealth Dynamix, says: “The launch of WDX ONE has been timed to coincide with the FCA’s [UK’s Financial Conduct Authority] evolving guidance on the use of cloud solutions for client data.”
WDX is a privately held company owned by senior management. It was formed in January 2012 and the firm is based in London.