Wealthtime and Wipro join forces to transform adviser platforms

In a strategic move set to reshape adviser platforms, Wealthtime has joined hands with Wipro and its technology partner GBST to launch a new, digital-first wealth management service. This enhanced platform aims to unify the Wealthtime and Wealthtime Classic platforms into a singular, advanced system, designed with the latest in digital solutions and customer-focused innovations. By collaborating with Wipro, known for its extensive technology and operational expertise, Wealthtime seeks to deliver a more robust and future-ready solution that caters to the evolving needs of financial advisers and their clients.

Wipro brings expertise to fast-track Wealthtime’s digital transformation

Wipro, recognized globally for operational excellence and digital transformation, will co-lead this effort with GBST, known for its Composer platform in wealth management. Together, Wipro and GBST will provide comprehensive platform services, bolstering Wealthtime’s technology capabilities and advancing the system’s integration by 2025. With significant enhancements planned for Wealthtime’s Adviser and Investor Zones, users can expect streamlined functionality and automation that reduce manual processes, allowing advisers to shift focus toward high-value tasks.

The collaboration with Wipro also extends a 15-year technology partnership between Wealthtime and GBST, a relationship that Wealthtime’s CEO, Patrick Mill, described as central to this rapid platform modernization. Mill expressed that Wealthtime’s new alliance will allow advisers to maintain existing client connections while also reaping the benefits of advanced technology and automation. He stated that the long-term growth strategy will be significantly strengthened by Wipro’s commitment to operational innovation, including establishing a new Centre of Excellence in Southwest UK to support the platform’s evolution.

Strategic advantages: Wealthtime’s vision for adviser-focused platform

Wipro’s Omkar Nisal stated that this partnership will bring enhanced speed-to-market, better customer engagement, and cognitive operations through GenAI-driven technology. Nisal emphasized that this collaboration aligns with Wipro’s ongoing investments in the UK Life and Pensions sector, reinforcing Wipro’s presence in the adviser-focused market.

GBST’s CEO Rob DeDominicis highlighted that the latest Composer platform upgrade will provide added functionality, scalability, and enhanced security for the Wealthtime platform. This enhancement is expected to yield a highly scalable wealth administration solution underpinned by GBST’s SaaS capabilities, establishing a competitive edge for Wealthtime.