Wealth management firm True Potential has selected Northern Trust to provide asset servicing solutions to its open-ended investment company UK-domiciled fund range.
This fund range consists of the company’s assets under management and investment products, including True Potential Portfolios, its suite of diversified, discretionary-managed investment solutions, and True Potential Wealth Strategy Funds.
Northern Trust will furnish the fund range with fund accounting, custody, depository and transfer agency services.
Louise Blagbrough, head of strategic partnerships and projects at True Potential, says: “Northern Trust’s ability to integrate smoothly with our technology, its focus on client service and consultative approach throughout our selection process were among the reasons for its appointment as our asset servicer.
“The appointment supports our ambitions of continuing to grow our business by driving positive industry-wide change in how wealth management is delivered, while empowering financial advisers and their clients to take control of their futures.”
Laurence Everitt, head of global fund services in the UK at Northern Trust, comments: “Northern Trust’s open architecture-approach to developing our technology platform helps us integrate with our client’s operating model, meeting its requirements for speed, agility and insight in servicing investors, while being able to respond flexibly to the future demands of innovation and growth.”
True Potential acts as a platform operator, investment manager, pension operator and administrator. It currently serves 1.4 million private clients.
