Host Capital has been selected to construct the company’s upcoming platform proposition.
Foster Denovo is currently in the early stages of piloting a platform which it says will offer “cutting-edge functionality, service capability and disruptive pricing.”
The firm will use Host Capital’s Digital Wealth Solutions (HCDWS).
Its system is underpinned by Third Financial Service’s Tercero software, which is an award-winning next generation platform service for outsourced middle and back-office operations, used to manage over £40bn of assets currently and described as “state-of-the-art”.
Roger Brosch, chief executive of Foster Denovo, said: “For some time we have wanted to provide our clients and partners with access to our own, tailored platform and we felt now was the right time.
“After a period of extensive due diligence, we chose to work with Host Capital.
“We have confidence that their team can offer the right blend of discretionary risk adjusted model portfolios and cutting edge software.”
Geoff Brooks, director at Host Capital’s Digital Wealth Solutions, said: “We are delighted to build on our existing relationship with Foster Denovo and to be part of this exciting new phase in the organisations offering.”
Foster Denovo plans to launch its platform later this year.