Wealthtime, previously known as the Novia platform, has agreed a new deal with platform tech provider GBST and Indian technology firm Wipro.
The deal will eventually see the two Wealthtime platforms brought together under one brand, powered by GBST.
Ahead of this, the Wealthtime Select platform has now become Wealthtime Classic. Analyser has been updated to reflect this change.
If either Wealthtime platform has featured in your due diligence previously, you may want to re-run your reports to reflect these latest changes, and Analyser is the perfect place to do this.
Both Wealthtime and Wealthtime Classic are owned by private equity firm AnaCap Financial Partners. It also owns DFM business Copia Capital.
As at September 2024, Wealthtime had £9.2bn in assets under administration and Wealthtime Classic had £2.6bn.
The lang cat view
“The elephant in the room has been what will happen with the two Wealthtime platforms, which run on GBST and proprietary tech respectively today.
“The question of what next for both feels like an important decision to get right. They have got some way to go with making inroads in terms of brand recognition and familiarity according to data in State of the Advice Nation wave six, and having a clear strategy [will] help with this.”
Source: State of the Platform Nation 2023/24 (a copy of which is available to all Analyser subscribers).
There are a total of 29 platforms and integrations available to research and compare in Analyser. You can find out more about each of these, including Wealthtime and Wealthtime Select, in Analyser.
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