Last checked at 2 Mar 2010 07:00
| Press Release | 2 March 2010 |
Focus Solutions Group plc
("Focus Solutions" or the "Group")
Contract Win
Focus Solutions Group plc (AIM:FSG), a leading provider of proven enterprise solutions to the financial services market, is pleased to announce that it has won a new contract with AWD Chase de Vere, one of the UK's leading independent financial advisers. The contract is expected to be worth approximately £1.4 million over four years, and is for focus:360° wealth management, the Group's leading wealth management software solution.
The contract, which starts in March 2010, comprises a four year term for the licensing, support and maintenance of the focus:360° software, based on a per user licence worth approximately £850,000. Focus Solutions will also provide professional services to support the configuration and implementation of focus:360°.
AWD Chase de Vere, one of the largest and most widely respected firms of independent financial advisers in the UK, has chosen focus:360° wealth management to support their team of 178 UK advisers in delivering holistic financial planning advice. The solution will cover all product areas as part of the organisation's wealth management and corporate client propositions and is expected to increase efficiency across the entire sales and advice process, allowing AWD Chase de Vere's advisers to spend more time with the clients themselves. In addition, to meet their advisers' training and competency requirements, AWD Chase de Vere is incorporating TestMeOnline, Focus' online testing solution, as part of the overall implementation.
Richard Stevenson, Chief Executive of Focus Solutions, said: "AWD Chase de Vere is one of the leading IFAs in the UK and it is a great endorsement of focus:360° that they have chosen our solution to underpin their holistic financial planning capabilities. This is the second contract we have won in recent months for focus:360°, where our software is key to driving the advice process of one of the largest independent financial advice distributors in the UK."
Robert Organ, Group Finance and Operations Director of AWD Chase de Vere, said: "We were looking for a solution that would help us to enhance our client proposition and improve the support we provide to our advisers. We want to grow our business and require scalable software solutions to help us achieve this. Together with the TestMeOnline solution, we believe that adopting the Focus software is another important step in our aim to be the leading firm of Independent Financial Advisers in the UK."
- Ends -
For further information:
| Focus Solutions Group plc |
|
| Richard Stevenson, Chief Executive | Tel: +44 (0) 1926 468300 |
| Martin Clements, Finance Director | www.focus-solutions.co.uk |
| Daniel Stewart & Company plc |
|
| Andrew Edwards / Simon Leathers | Tel: +44 (0) 20 7776 6550 |
|
| www.danielstewart.co.uk |
Media enquiries:
| Abchurch |
|
| Heather Salmond / Joanne Shears / Mark Dixon | Tel: +44 (0) 20 7398 7709 |
| Joanne.shears@abchurch-group.com | www.abchurch-group.com |
Notes to editors:
About Focus Solutions Group plc
Focus Solutions is an established and proven supplier of enterprise solutions to the financial services industry in the UK, Ireland and more recently across Europe.
Focus has delivered over 100 complex front office projects with multiple integration points and partners to a blue chip client base including 8 out of the top 10 UK Life & Pension providers, a number of leading bancassurers including the likes of HSBC and Irish Life, significant wealth management players such as St James's Place and a number of mortgage providers. The technology truly enables straight through processing whilst providing an engaging client and adviser experience to submit and service business electronically.
focus:360° is at the core of all client implementations providing a single, agile, multi-channel technology platform. Focus has brought together three key areas of expertise: software, consultancy and service delivery. This totally integrated approach means clients can distribute any product across any channel. At the same time they can maintain an enterprise-wide view of the customer value and risk.
For further information on Focus, please visit www.focus-solutions.co.uk
About AWD Chase de Vere
AWD Chase de Vere is a national firm of independent financial advisers with 13 offices across the UK. They provide financial advice and planning services for private individuals and businesses. AWD Chase de Vere has established a reputation for expertise, independence and service over more than four decades.
AWD Chase de Vere is backed by one of Europe's largest personal financial advice groups, which advises more than 1.8 million clients. This level of financial strength means that AWD Chase de Vere is well placed to adapt to changes in the financial advice arena in the coming years.
The size and strength of the firm also means they are able to benefit clients by way of preferential terms and even exclusive arrangements on financial products and services. AWD Chase de Vere aims to be the leading firm of independent financial advisers in the UK.