TORONTO, Canada, October 1st, 2013 – Business is changing and it’s important that firms’ technology and brokerage services keep pace. Like all businesses, the Canadian securities industry struggles with balancing the high cost of acquiring and maintaining technology as well as growing assets by way of functionally rich supporting tools for Investment Advisors to excel their services for clients..
Two companies that are well aware of the need to innovate and stay one step ahead of the industry are Croesus Finansoft, specializing in portfolio management and integrated CRM, and IBM Securities Industry Services’ (SIS) back-office services.
Thanks to the recent combined offering of Croesus Finansoft front-office and IBM SIS back office systems, both companies are delivering a faster to market, reduced risk and more robust experience for Canadian brokers.
IBM SIS clients can now manage and monitor their portfolio and transaction activities at all stages of the lifecycle. In addition, this combined offering will offer seamless support and ultimately reduce implementation costs and risk for the Canadian brokerage industry.
Remy Therrien, Croesus’ President & CEO, states, “Our companies share a joint approach in providing customers with an end-to-end solution. IBM and Croesus offer the right technology and services to assess, manage, monitor and report on portfolio management and transaction activities at all stages of the lifecycle.”
Tony Hay-Roe, General Manager of IBM Securities Industry Services adds, “As a leading provider of brokerage transaction processing to the Canadian securities industry, our goal is to bring new value to the industry and improve the client experience with our comprehensive, full-service transaction processing environment.”
Since 1987, Croesus has provided brokerage firms and independent advisors an advanced portfolio management and integrated CRM software. Croesus enables investment advisors to improve the management of portfolios and relationships, optimize the assessment of performance returns, while reducing exposure to risk by meeting GIPS compliance requirements. As a comprehensive solution, the Croesus SaaS platform integrates with major back-end systems such as IBM, custodians like TD Ameritrade and financial information providers that include Morningstar, Thomson One and Fundata. The software of choice for leading brokerage firms like CIBC Wood Gundy and National Bank Financial, Croesus clients manage over $350 B in total Assets Under Management.