RC Brown Investment Management, the Bristol-based institutional investment management firm, has chosen Pulse Software Systems to provide a front-to-back office system for its new discretionary private wealth management business.

The new business, which is headed up by Alan Beaney and Glenn Meyer, is aiming to leverage RCBIM’s track record in portfolio management for charities and pension funds; it will focus on collective funds and mixed portfolios of funds and direct equities for its larger clients.

“A critical element in setting up our new discretionary business was the selection of the right systems.  We needed a solution that would fully support our approach to investment management whilst also being able to take care of our client reporting and settlement operations,” Beaney said in a statement.

“Pulse was able to tick all of the boxes for us and we took additional comfort from the fact that they have a large client base of investment companies within our peer group.”

Earlier this year JO Hambro Capital Management selected Pulse to provide a front-to-back office system for its new private client subsidiary, James Hambro & Partners. The business went live with Pulse’s software an implementation period of three months.

Other users of Pulse’s portfolio management and investment accounting software include Close Private Asset Management, Ruffer and Collins Stewart Wealth Management.