Boston, June 22, 2020 – corfinancial, a leading provider of specialist software and services to the financial services sector, reports that it has hired wealth management consultancy F2 Strategy.
The agreement will further enhance the
functionality and market penetration of corfinancial’s wealth management business,
BITA Risk.
With client AUM in excess of US$200bn,
BITA Risk is a leading provider of integrated private client suitability
profiling, portfolio and ESG management, risk and monitoring applications in
the HNW and UHNW sectors. The software gives managers freedom within a
framework to construct and manage portfolios in the context of risk, policy and
mandate, so they achieve suitability whilst delivering control and transparency
to management.
Based in California, F2 Strategy is a technology consultancy that addresses the widening gap between
expectations of affluent clients and their wealth management experience. Staffed by former executives from top-rated wealth
firms and family offices, F2 Strategy provides technology
roadmaps, innovative digital client interactions and the automation of investment
and operational processes. The company was founded by accomplished veteran
wealth CTO Doug Fritz.
“As strategic advisor to
the BITA Risk business, our first objective is to shed light on the potential automation
of Regulation 9 compliance – an area where bank trusts have been underserved by technology for decades. BITA Risk brings a way of making
the Reg 9 process far more streamlined through a powerful exception management
engine,” said Doug Fritz. “Our
second objective is to communicate the value of ESG management to wealth
management firms that are trying to address client demand in this area and to
differentiate.“
Daryl
Roxburgh, President and Global Head, BITA Risk: “Doug and his team are renowned
globally for their expertise in making technology work better for wealth
managers and improving the client experience for their investors. Their unique
thought leadership and extensive network will be vital to us as BITA Risk
continues to make significant inroads within the wealth management arena.”
