FA Solutions follows its growth strategy in the nordic market and launches operations in Denmark.
“It has been one and a half year since we started sales operations in Sweden and during that time we have had a pleasure to see how well our product offering fits also the needs of the Swedish financial service companies. With the nordic presence and experience we are able to deliver solutions for the cross-boarder needs and follow the nordic business trends”, says Hannes Helenius from FA Solutions.
“The Danish investment industry is and has historically always been dominated by the banks. In total the country has more than 90 banks. Recently the growth among independent financial advisors and stockbrokers have however been quite remarkable. Today more than 40 stockbrokers and around 50 independent financial advisors are authorized by the financial regulator and compete fiercely with the banks over the financial advisory business of retail and high net worth clients – with total assets under management of more than EUR 100bn. The increased competition has put margins under pressure, bringing more focus on efficiency in everything from advisory processes to portfolio management and back-office operations. Combination of increased compliance requirements and customer demands for better reporting and services has made Denmark an interesting market for FA Solutions. Our product range from advisory systems to portfolio management tools and reporting solutions will help market players fill important quality and efficiency gaps”, says Mads Jensen from FA Solutions, Denmark.