The Challenge
As a multinational asset manager working with the top niche of financial advisors in South Africa and the United Kingdom, IT is critical to the operations of PortfolioMetrix. “It’s part of our core proposition”, explains Head of Technology, Oscar Reitsma. “One of our differentiators is that we’re able to customise portfolios a lot more than your average asset manager and we leverage technology for that.”
Since PortfolioMetrix started in 2010, they’ve grown exponentially in both countries, and their aim is not only to continue their own growth and increase their asset base, but to facilitate growth in their clients’ and partners’ companies as well.
“We’ve got in-house software development capability where we’ve designed systems for our financial advisors that allow them to use our asset management process and also benefit from the tools that we can develop for them on their behalf. Even if it’s not directly related to our asset management process,” Oscar explains. To ensure that the teams’ full focus is dedicated to their clients, when it comes to IT support and infrastructure, PortfolioMetrix needs a partner that they can trust to take care of the day-to-day running of the business.
“We had a provider in place,” says Oscar, “but we didn’t feel like they would be able to assist us in the longer term.” Between unreliable response times and a lack of transparency in their processes, PortfolioMetrix was finding themselves spending more time than they would have liked in managing their partnership. ”We were looking for somebody that could also grow with us as a business.”