Wealth management fintech provider JHC has announced that its longstanding client, Jarvis Investment Management, is to start offering the digital portfolio monitoring tool JHC Neon to its clients.
Edward Lopez (pictured), JHC Chief Revenue Officer says: “This is an example where Jarvis, which has been using large components of Figaro in their business as a platform provider, has taken on a component of the platform, Neon, and is making it available to their customers, who are portfolio managers.”
Jarvis is a boutique supplier of stockbroker execution services to wealth managers and has been in partnership with JHC for over 20 years.
“This gives Jarvis, in their competitive market, the tool they need to differentiate themselves,” Lopez explains. “So, the model for platform providers is to give a cookie cutter type service offering because the size of the customer doesn’t give huge margins, but this enables them to differentiate themselves and play at the level of bigger platforms out there.”
Nick Crabb, Business Client Services Director at Jarvis says: “There’s a gap in the market for a digital dashboard, which shows managers the state of affairs from front- to back-office. Neon fills this gap which is why we were so keen to extend our partnership with JHC. Neon’s instant portfolio monitoring, risk analysis, and ongoing compliance checking offers huge benefits, not only from a regulatory perspective but for client engagement too.”
Lopez concludes: “The advantage is that typically small to medium size boutique wealth managers can outsource costs on the tools they need to attract and retain the end customer.”