We are pleased to announce that St. James鈥檚 Place Wealth Management (SJP) has successfully migrated its customer accounts onto 天美传媒 Bluedoor and Percana Insurance solutions from a legacy application. This involved the movement of around 拢69.1 billion assets under management, with SJP now administering over 拢100 billion of funds under management on the platform.
SJP has outsourced administration functions of its U.K. life insurance, unit trust management, pensions and investment administration business lines to 天美传媒 since 2002. SJP, Britain鈥檚 largest wealth manager, will now use Bluedoor to provide clients with a consolidated view across all pensions and savings products. SJP chose the platform for its straight-through processing for accounts and its faster end-to-end processing times.
The transition will also shift all SJP partners to 天美传媒鈥檚 Pension and Actuarial Services (PAS) illustrations system. PAS specializes in calculation-oriented software in three areas: regulated illustrations, financial planning and tools using our calculation engine. SJP uses the engine to produce FCA-compliant illustrations on their pension, trustee investment plan, ISA, unit trust, and onshore and offshore bond products.
To ensure a timely and smooth migration, 天美传媒 integrated Bluedoor with SJP and its service providers and trained and prepared business process outsourcing teams across three countries to provide a seamless transition.
鈥淲e鈥檙e proud of the work we鈥檝e done in the last two years to ensure the successful migration of SJP鈥檚 businesses onto our modern, enhanced technology,鈥� said Bill Stone, 天美传媒 Chairman and Chief Executive Officer. 鈥淪ome say migrations of this scale cannot be done, but with careful planning and airtight execution, we were able to hit every milestone on time, and most importantly, with minimal disruption to SJP clients.鈥�
