Wednesday 8 July 2020

Cor! Financial!

Cor! Cor! 'What's so amazing, boss? Finance? Surely not!' Ha, ha, ha! 'Why are you laughing?' I'm crazy, Voice. Just totally crazy. Cor! Ha, ha, ha!

Anyway ...

Boston, July 6, 2020 - corfinancial, a leading provider of specialist software and services to the financial services sector, reports that it has hired wealth management consultancy F2 Strategy.

Yeah, it's a PR email. 'Oh. Never mind.' Ha!

The agreement will further enhance the functionality and market penetration of corfinancial's wealth management business, BITA Risk.

Really? Okay.

With client AUM in excess of US$200bn, BITA Risk is a leading provider of integrated private client suitability profiling, portfolio and ESG management, risk and monitoring applications in the HNW and UHNW sectors. The software gives managers freedom within a framework to construct and manage portfolios in the context of risk, policy and mandate, so they achieve suitability whilst delivering control and transparency to management.

Fair enough. No endorsement though. I mean, I don't know anything about it. 'You don't want to know.' Exactly! Life is too short.

Based in California, F2 Strategy is a technology consultancy that addresses the widening gap between expectations of affluent clients and their wealth management experience. Staffed by former executives from top-rated wealth firms and family offices, F2 Strategy provides technology roadmaps, innovative digital client interactions and the automation of investment and operational processes. The company was founded by accomplished veteran wealth CTO Doug Fritz.

Oh, right. And I suppose this Doug character wants to say a few words now. On my blog, like. 'Ha! They always want to say a few words, boss.' Yes, Voice. But words are useless. I'm tired of telling them. Beethoven didn't need words! Mozart didn't need words! Uh, never mind.

Come on, Doug ...

"As strategic advisor to the BITA Risk business, our first objective is to shed light on the potential automation of Regulation 9 compliance - an area where bank trusts have been underserved by technology for decades. BITA Risk brings a way of making the Reg 9 process far more streamlined through a powerful exception management engine," says Doug Fritz. "Our second objective is to communicate the value of ESG management to wealth management firms that are trying to address client demand in this area and to differentiate."

Yeah, okay. The question is though ... does our Daryl have a high opinion of Doug and his team, or does he consider them a bunch of wasters?

[Me and Daryl go back years, dear reader(s) - since the desert, astral and physical. I had no idea he was mixed up with this BITA Risk thing.]

Let's find out!

Daryl Roxburgh, President and Global Head, BITA Risk: "Doug and his team are renowned globally for their expertise in making technology work better for wealth managers and improving the client experience for their investors. Their unique thought leadership and extensive network will be vital to us as BITA Risk continues to make significant inroads within the wealth management arena."

Oh, Christ! They're thought leaders! FFS! 'But our Daryl still likes them, boss.' Ha! Our Daryl is getting soft in his old age. And I've spoken to him about this. I've said: "Daryl, you're on to a loser with all this thought leadership nonsense. No one respects it. Give it up, son!" And yet ... he still values it. Ah, never mind.

ENDS

...

Anything else? Oh, about the Beatles yesterday. John Lennon sort of got even with Paul McCartney in his solo years by writing great songs like Imagine, Jealous Guy, Woman, Real Love, and Watching the Wheels. The only post-Beatles McCartney song which really impresses me is Maybe I'm Amazed.

So, that's something to think about, ain't it?

Laters!