New wealth management firm launches with IRESS

Saranac Partners is a private client advisory partnership, offering bespoke wealth management services for ultra-high net worth clients. Its approach is to leverage high intellectual capital and the latest technologies to provide investment management, financing, fiduciary and corporate finance services.

IRESS’ private wealth management technology will provide Saranac Partners with an integrated platform to support the complete client experience for Saranac’s client base, from on-boarding, client reporting and customer relationship management, through to portfolio management and integrated trading functionality.  

Key features of the technology platform include a single front office desktop solution for client and investment management alongside a digital client portal to support online access for clients.

Andrew Catterall, head of Operations and Technology at Saranac Partners, said: “Our aim at Saranac Partners is to utilise technology to its best effect to support the wealth management needs of each of our clients. IRESS’ consultative approach and its ability to provide a complete technology solution for the business have played a crucial role in the early development of Saranac.

“Moreover, the experience of the IRESS team has instilled confidence in us that they will continue to respond to our changing needs by delivering scalable and leading edge technology as Saranac continues to grow, supporting our broader business strategy.”

Simon New, IRESS Group Executive – Strategy, added: “Saranac has taken the opportunity of being a new venture to deploy a single integrated technology solution. This has allowed the business to focus on establishing its market leading proposition and ensures more time is available for establishing and developing lasting client relationships.

“A seamless and tailored customer experience is a key differentiator. Saranac’s clients will expect nothing less than the highest standard of service and our technology supports that ambition. Having our front-office system central to their business will help to provide a truly client centric experience.”