Wealthtime, a prominent adviser-focused platform business, has initiated a strategic partnership with Wipro, a global leader in technology services and consulting, and GBST, its global technology partner.
This collaboration is set to deliver a cutting-edge, digital-first platform alongside a customer-centric service offering, aiming to support Wealthtime’s long-term growth ambitions. The synergy draws on Wipro’s vast technological and operational expertise to meet the evolving demands of advisers and their clients. This initiative will consolidate the Wealthtime and Wealthtime Classic platforms into a unified brand, significantly enhanced by GBST’s technology.
The partnership leverages a co-delivery model between Wipro and GBST to provide comprehensive end-to-end platform services. Wipro’s extensive experience in digital transformation across multiple sectors, including UK financial services, will expedite the technological and service transformation at Wealthtime. The collaboration also continues a 15-year relationship with GBST, setting the stage for an accelerated platform enhancement in 2025, with ongoing updates to future-proof the technology for their clientele.
Operations and Technology & Change functions at Wealthtime will transition to Wipro’s newly established UK centre of excellence for business processing located in the Southwest. This move will harness Wipro’s advanced technological capabilities and deep experience in IT and AI to boost service standards and front-end applications for Wealthtime. Significant upgrades to the Adviser and Investor Zones are anticipated, alongside more streamlined service provision, aimed at reducing manual efforts and enhancing value for advisers and their clients through deeper insights.
Patrick Mill, CEO at Wealthtime, commented on the deal, “This deal with Wipro will fundamentally transform our platform and service offering and deliver extensive benefits for advisers and their clients over the medium and long term.
“Our existing relationship with GBST will allow us to fast track our proposition development through accelerated platform enhancements, to deliver market leading technology that underpins our future strategy. While Wipro’s proven operational expertise across multiple sectors including financial services, will bring new insights to the largely insular platform space to create a best-in-class experience for our customers.”
“Wipro’s commitment to establishing a centre of excellence in the UK based around Wealthtime’s staff will ensure that advisers continue to work with their existing contacts, backed by greater automation and innovation. We know that advisers are best served by exceptional people supported by world-class technology. Today’s announcement allows us to focus on our strengths, delivering a wealth of service and technological efficiencies as we build scale to realise our long-term growth ambitions.”
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