SGSS in the UK mandated by PSG for wealth and investment outsourcing services
SGSS in the UK has been mandated by PSG Wealth (PSG), the wealth management business of independent South African financial services group PSG Konsult, to provide a comprehensive execution and investment administration outsourcing solution for foreign assets.
The services provided by SGSS support the end-investors of PSG’s direct-to-client online wealth and broker-dealer platforms.
SGSS was selected by PSG for its capacity to engage very specific target audiences and provide a tailored, turnkey wealth and investment management solution. PSG has retained its current web solution and integrated the SGSS interface directly into its deal inception order management system. SGSS also provides custody safekeeping at a segregated client account level.
SGSS’ fully integrated wealth and investment management outsourcing solution is designed to provide comprehensive and modular strategic solutions for wealth and investment managers, private banks, direct dealing/broking firms and advisory firms. This solution spans the full value-chain from execution to custody and provides access to a unique best-of-breed portfolio management platform. End-investors have access to a web portal which provides performance measurement, portfolio composition and real time positions alongside middle- and back-office services that span deal execution, portfolio management functionalities, multi-product clearing and settlement processing.
”The need to ensure the sustainability of their operating models is pushing managers and brokers to drive down trade execution fees and carefully outsource investment operations,” explains Michael Le Garignon, Head of Sales, Business Development & Relationship Management at SGSS in the UK. “At SGSS, our objective is to help our clients grow through adapting their operations to cope with scale, operating risk and regulatory changes.”
PSG Konsult is a leading independent financial services group in South Africa, with an extensive national footprint and Namibian presence. In operation since 1998, PSG offers a value-orientated approach to its clients' financial needs, from asset and wealth management to insurance.
PSG Wealth, a division of PSG Konsult, offers a comprehensive wealth management service, designed to meet the needs of individuals, families and businesses.