Quilter has confirmed it could break a re-platforming project spend of £500m as it prepares to migrate clients onto its new, FNZ-powered piece of technology.
Quilter confirmed its Old Mutual Wealth (OMW) platform was in the final stages of its re-platforming programme. However, it said the final delivery of the new FNZ-powered technology was expected to arrive around three months later than planned. Once the platform is ready for launch to the advice market, Quilter said it would execute an initial migration of up to 10% of the platform's assets, representing clients from up to 100 of its adviser firms. It completed a soft launch using a number of its own employees earlier this year. Quilter said it expected the first migration of adviser ...
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