Yovich & Co Wealth goes live on NZX Wealth Technologies platform

Whangarei-based wealth management and investment advisory firm Yovich & Co Wealth Management has migrated all its administration and custodial data on to the NZX Wealth Technologies platform.

Friday, October 13th 2023, 4:16PM

The project, which went live on 25 September, took four months to complete, encompassing a comprehensive data and asset migration, as well as business transformation and platform functionality development.

Yovich & Co Director and Financial Adviser Jarrod Goodall says NZX Wealth Technologies had enabled them to successfully transform their operating model.

“We now have a framework fit for the future that delivers a modern, efficient, and robust experience. By automating our wealth administration, we can stay fully focused on what our clients value the most: delivering personalised financial advice to drive positive investment outcomes with a growth mindset,” Mr Goodall says.

“The NZX Wealth Technologies platform gives us the scale to expand the business without worrying about operational bottlenecks or limitations in terms of asset classes we can support.”

NZX Wealth Technologies Chief Executive Lisa Turnbull says they are thrilled to work with Yovich & Co, supporting them to deliver high-quality service to their clients.

“In a world of constant change, we bring certainty to clients such as Yovich & Co in terms of having access to leading technology, services and local support that are fully dedicated to and understand the specific New Zealand investment needs and requirements,” Ms Turnbull says.

Yovich & Co provide its clients with personalised advice to plan and invest for the future with ongoing advice and administration. “NZX Wealth Technologies platform brings a real-time 360-degree view of our clients, their investments and portfolios. This means we can provide superior and tailored advice at scale which ultimately results in an enhanced investment experience for our clients,” Mr Goodall says.

Operating out of Whangarei, Yovich & Co were seeking a modern and future-proof platform to support their growing end-to-end wealth administration and custodial needs. They selected NZX Wealth Technologies after a thorough evaluation process.

“NZX Wealth Technologies was able to simplify our operations and offer a single source of truth supported by rigorous controls, comprehensive reporting and risk management tools. Importantly, we felt a close cultural connection with NZX Wealth Technologies. They really took their time to truly understand our unique business needs and were able to accommodate our customised development requirements.”

The migration project took four months to complete which included a full transactional history migration. NZX Wealth Technologies provided a dedicated implementation team governed by their Programme Management Office.

NZX Wealth Technologies Chief Functional Architect Martin Cantell says they use a strong implementation methodology framework which adopts Agile execution to deliver quick wins.

“We worked in close partnership with Yovich & Co to develop some new reporting functionality, which will also benefit our wider client base. Working in sprints, we developed, tested and deployed as part of a continuous and fast roll-out. Managing change is key to a successful project, and we make sure to provide full training of users ahead of go-live, and continuously as needed,” Mr Cantell says.

Yovich & Co will use this project as a springboard to bring further innovation and efficiencies to its wealth management business. This is likely to include an expansion of the partnership with NZX Wealth Technologies to include additional services such as non-custodial trading.

Tags: NZX