Financial services mutual Wesleyan has partnered with SS&C Technologies to launch its own digital-first wealth management platform.

The platform is set to open to a pilot group of advisers this month.

It will give advisers centralised access to open and manage accounts and investments.

Wesleyan said the platform will broaden the range of investment and retirement products available to its financial advisers and their clients.

It has been designed to support Wesleyan's flagship with profits fund, with a broader range of investments under development.

SS&C will also provider customer service support under the Wesleyan brand.

Katie Wadey, chief product and commercial officer at Wesleyan, said: “Extending our relationship with SS&C with this exciting project is a significant milestone for us.

“When fully developed, the new platform will allow us to better meet the savings, investments and wealth needs of doctors, dentists and teachers in an agile way, with the right technology and fund choice.”

SS&C has an existing relationship with Wesleyan, having served as the fund transfer agent for the Wesleyan Unit Trust Managers range of funds for over two decades.

Wesleyan Financial Services provides specialist financial advice and solutions for doctors, dentists and teachers and was founded in Birmingham in 1841. The firm has £7.6bn of assets under advice.

The number of advice firms planning to launch their own in-house platform has levelled-off, according to NextWealth.

It revealed that while 24% of firms with £250m in AUA have a platform, mainly from a white label supplier, the projected market size has not grown in the past two years. 

The report found that overall adoption is slowing but still growing. The share of firms planning to launch a platform may have slowed down but the trend continues as firms strive to take more control in-house, the report found.