Bricknode Broker to be part of scaling opportunities for Swedish fund manager

Bricknode, an SaaS financial services platform, has recently announced that a Swedish fund manager has selected the company’s digital investment platform, Bricknode Broker, to be an integral part of the scaling up of its investment operations.

The agreement will help facilitate a centralised hub for fund order routing and client account management for the fund company.

Fund order processing from a multitude of channels has become an important focus for asset managers in a fast-evolving financial services industry.

Digitalisation has led to increasing focus on direct-to-consumer distribution models alongside more traditional channels such as fund platforms and financial advisors.

The fund company’s Chief Operating Officer said: “We wanted function-rich and flexible investment operations software to support the operations team with the current workflows and also to provide a service provider-agnostic platform through which new markets and distribution channels can be added at a later date.

“We selected Bricknode because their comprehensive solution provides automation and scalability that will support our growth plans.”

Erik Hagelin, Co-CEO at Bricknode, commented: “We’re pleased to be supporting our client’s move in opening up direct distribution of its fund.

“Offering investment products can come with a heavy administrative and regulatory workload, but this is exactly what our solution will help take care of through next-generation automation and configurability.”

The name of the fund company has been redacted in this announcement for commercial reasons.