FA Solutions delivers a comprehensive platform solution to Alfred Berg.
By providing a modern solution that never stops improving, FA Solutions has been successful in growing its customer base in Norway over the years. At the beginning of 2020, after a thorough selection process, we were selected to provide FA Platform to Alfred Berg – an Asset Manager in Oslo, also present across the Nordics.
Using an on-site Portfolio Management system would require a professional IT team to keep servers running smoothly. Therefore, Alfred Berg decided to switch to a modern cloud-based platform, which would enable them to focus on ensuring high quality of data and making that data available to clients at their convenience instead of worrying about the upkeep of legacy systems.
“Due to the industry environment changing so rapidly, with new regulations issued every year, wealth managers need to increase the frequency of major changes to their tech platform. By using an agile, cloud-based provider, we can rely on them to keep watch on new industry developments and to reducethe cost it takes to implement the changes. We can just focus on providing good service to our clients.”comments Helge Arnesen, CEO at Alfred Berg.
FA Platform turned out to be the most attractive solution to help further digitize Alfred Berg’s operations, facilitating daily processes and ultimately making their product offering more competitive. Our platform was chosen as the closest match to Alfred Berg’s needs for many reasons, the key ones being:
FA Platform supports Wealth Managers in automating daily tasks, such as reporting to authorities or shareholders, rebalancing, bookkeeping, NAV calculations, trade order management, and more.
A modern and fully integrated customer portal – FA Front – that makes up-to-date portfolio performance data accessible to end clients.
Collecting and showing all portfolio information in one place. By using a single database, FA Platform ensures smooth onboarding and simplifies daily maintenance.
FA Platform is a SaaS solution, built on modern technology with open APIs, making development fast and responsive. We also provide regular updates that add new features and improve performance to all customers as part of the license fee.
Ability to manage various accounts such as ASK, IPS and ISK as well as both standard and complex securities for example private equity, real estate, art, hedge funds, private equity funds, and more.
The implementation project is now under way, and the solution will be live later this year.
Read our blog article about new Norwegian clients including Alfred Berg here.
Read our NordSIP article on Wealth Management democratization featuring Alfred Berg here.
Alfred Berg is a Norwegian asset manager operating across the Nordics region. Alfred Berg has managed funds and discretionary portfolios for over 100 years. They specialize in Portfolio Management and analysis, with superior client service being a priority, making it especially important for them to have a modern SaaS solution with an integrated portal for end clients.