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FNZ, AJ Bell extend long-term technology partnership
Yahoo Finance· 2025-09-19 09:28
Core Insights - FNZ and AJ Bell have extended their technology partnership for another decade, originally starting in 2009, to support AJ Bell's dual-channel platform for advised clients and direct-to-consumer customers [1][2][3] Group 1: Partnership Details - The collaboration will see FNZ continue to provide essential technology for AJ Bell, including market connectivity, trading, settlement, custody, and management of books and records [2] - As of June 30, 2025, AJ Bell's platform managed assets exceeding £96 billion ($130 billion) [2] - The long-term partnership reflects the strength of the relationship and supports AJ Bell's growth strategy, emphasizing a user-friendly, low-cost platform for investment management [3] Group 2: Strategic Goals - AJ Bell aims to enhance operations and resolve operational issues by incorporating Amundi Technology's portfolio management system, which replaces labor-intensive methods with automation [4][5] - The new system is designed to improve efficiency and provide the flexibility needed to scale operations, meeting evolving client needs as AJ Bell expands [5] - FNZ expresses pride in the continued relationship and shared ambition with AJ Bell, focusing on making investing accessible and transparent for more people [4]