Captrust Financial Advisors has deployed Linedata’s front office suite, allowing the firm to manage their equity and fixed income institutional wealth management business through a consolidated platform.
The Raliegh-North Carolina-based wealth management firm with $85 billion in client assets implemented Linedata Longview, Lindedata Reporting through Linedata Hosting, employing a two-month implementation process.
Linedata Longview and Linedata Reporting are modules within Linedata’s comprehensive front office platform comprising portfolio management, trading, pretrade compliance and reporting. The consolidated platform will enable the firm to build internal controls, increase efficiencies and handle growth in assets under management, while automating pre-trade compliance rules checks, according to the relase.
A global asset management survey recently conducted by Linedata found that 30 percent of asset managers consider system consolidation to be a top IT priority. Having a single order management system (OMS) will centralize compliance, lower costs and create workflow efficiencies, which is paramount for firms such as Captrust that are preparing for growth.
Longview is a complete multi-asset and multi-currency order management system that integrates Linedata Reporting, a complete reporting package.
“As we prepare for our projected growth, we searched for a single platform to handle portfolio management and trading, while supporting both equities and fixed income securities,” commented John Appleby, Managing director at Captrust, in the release. “Linedata offers a fully integrated platform with strong pre-trade compliance tools which will provide the controls we require, as well as increase our efficiencies as we move into new asset classes.”
Captrust, an independent investment research and fee-based advisory firm, is the newest wealth management client using the Linedata Front Office Platform. “With their need for greater control and efficiencies, a consolidated platform provides the integration necessary to meet all their portfolio management and trading requirements,” commented Gavin Little-Gill, managing director of Linedata North America. “Through Linedata Hosting, Captrust has chosen us as a trusted partner to handle the infrastructure which will allow them to fully focus on their current and future business.”