Scott Capital Partners at Glance
Helping managing families wealth since 2022
Scott Capital Partners is a multi-family office that focuses on bespoke investment management, wealth advisory & family governance. Based in the United Kingdom, it was founded in 2022 and currently counts ten people looking after roughly 40 families.
Scott Capital Partners offers a tailored solution to each client and offers to collaborate with other firms in order to find the most suitable approach to each family to deliver the best outcome and help families save time managing their wealth.
This approach, unique for each family, is particularly appreciated by the clients.
Challenges
Personalized system and e-banking portal
As a start-up business, Scott Capital Partners was looking for an all-in-one solution that would be able to adapt to their growth over the years and that could offer:
- A personalized system with an interface that allows to work and connect with custodian banks.
- An e-banking portal where the client can log in and have direct visibility on their portfolio.
Therefore, the main objective was to find an up-an-coming platform affordable for small businesses but at the same time with the capabilities to accompany the business in its expansion.
Solution
WIZE, the fitted solution at an affordable price
Scott Capital Partners short-listed four suppliers that could meet their needs, including WIZE by TeamWork that was originally referred by a custodian bank. Scott Capital Partners’ business model being very close to the Swiss model of using custodian banks, it seemed logical to look within the Swiss market to find a fitted solution and WIZE was ultimately selected.
The platform offers a single system with both PMS and CRM where it allows to trade using fixed interface with key custodian banks while providing the e-banking portal for the clients.
Moreover, the pricing model of this all-in-one solution allows small businesses to have access to affordable technology that can fully adapt to growth and even support their expansion.
“The pricing model of WIZE allows small businesses to have access to technology. It adapts to growth, which allows us to grow our business in a timely manner.”
Jamie Gibbs, Scott Capital Partner
Results and Benefits
Digitize and save time with Wize
The PMS part of the solution is currently the most used at Scott Capital Partners with a day-to-day element to it. The WIZE system is starting to be used more and more on a lot of aspects as Scott Capital Partners understands the multiple capabilities of the solution.
The platform allows to digitize most tasks and to do the FIX trading, hence saving a considerable amount of time on daily activities that would otherwise be a heavy manual workload. The system is straight-forward to use and is set up personally to fit Scott Capital Partners’ needs for the years to come.
Another major advantage of WIZE is to be able to check the AuM on a daily, weekly, or monthly basis and to be able to navigate through the growth and the condition of the company from a management point of view.
Perspectives
Intuitive, effective and easy to use
The WIZE teams showed reactivity when facing issues during the implementation, which ultimately resulted in a successful project. From an end customers perspective, there is general positive feedback as the platform is intuitive and easy to use and gives the families a consolidated vision of their assets.
The next step for Scott Capital Partners is to keep using WIZE for the years to come and to fully understand the capabilities of the system in order to reflect the families’ assets accurately on WIZE dashboard even for clients with multiple banks or assets placed elsewhere.