FundsNetwork 'steadily moving clients' to new Bravura platform

'Migration plans remain on track'

Tom Ellis
clock • 1 min read

FundsNetwork has said it is steadily moving clients to its new platform as it progresses with its re-platforming project.

The Fidelity-owned operation is transferring customers from its proprietary technology to a new Bravura Sonata-powered platform. Last year FundsNetwork told Professional Adviser it would undertake a phased migration of adviser firms, clients and accounts to the new platform, similar to how Ascentric is currently completing its re-platforming project. FundsNetwork also told PA it planned for the migrations to take place outside of normal business and trading hours. The Aviva and Cofunds re-platforming projects, in contrast, involved moving all clients over to their new, respective pl...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

How adviser platforms bridge Consumer Duty and vulnerable client care

How adviser platforms bridge Consumer Duty and vulnerable client care

'For vulnerable clients, the concept of value for money takes on heightened importance'

Darren Winfield
clock 16 December 2024 • 5 min read
Platform due diligence: A comprehensive approach

Platform due diligence: A comprehensive approach

Due diligence is more than best practice it is ‘fundamental'

Stephen Ford
clock 18 November 2024 • 4 min read
Adviser platform net sales hit £3.1bn despite spike in lump sum withdrawals

Adviser platform net sales hit £3.1bn despite spike in lump sum withdrawals

Assets rose to £683bn in best third quarter in three years

Isabel Baxter
clock 15 November 2024 • 4 min read