AJ Bell and Amundi have announced an expansion of their partnership, with AJ Bell choosing the ALTO Investment platform from Amundi Technology to enhance its portfolio management solutions.

AJ Bell Investments said that it felt it needed a ‘robust and scalable’ system to support its growth plans and streamline portfolio management processes.

Amundi Technology was chosen to address these challenges through a portfolio management system that integrates with AJ Bell’s existing operations.

The firms stated that the key benefits of this partnership would be improved efficiency, scalability, and a unified operating model that combined technology, data management, and dealing services.

Commenting on the announcement, AJ Bell Investments managing director, Ryan Hughes, said: “We are delighted to partner with Amundi Technology as we continue to grow our business.

“The technology platform provided by Amundi will significantly improve our operational efficiency and facilitate our future growth as we look to capitalise on the continued demand for our simple, transparent, and low-cost investment solutions.”

Amundi Technology CEO, Benjamin Lucas, added: "We are thrilled to welcome AJ Bell, a longstanding client of Amundi, on our technology platform.

“Our technology solutions are designed to empower asset managers to achieve their goals efficiently and effectively.

“This new development of our partnership showcases our commitment to providing solutions across the entire value chain and reinforces our position as a leading provider of asset management technology services.”

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