Swedish Fund Management firm selects Bricknode for digital investment

By Gloria Methri

Bricknode, the SaaS financial services platform, has announced that a Swedish fund manager has selected its digital investment platform Bricknode Broker, to drive its investment operations. The agreement will help facilitate a centralised hub for fund order routing and client account management for the fund company.

Bricknode notes that fund order processing from a multitude of channels is important for asset managers in a fast-evolving financial services industry. Digitalisation has led to an increasing focus on direct-to-consumer distribution models alongside more traditional channels such as fund platforms and financial advisors.

“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,” said the fund company’s chief operating officer. “We selected Bricknode because their comprehensive solution provides automation and scalability that will support our growth plans.”

“We’re pleased to be supporting our client’s move in opening up direct distribution of its fund,” said Erik Hagelin, co-CEO at Bricknode. “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 Bricknode’s announcement for commercial reasons.