New York, April 2, 2012 – Innovest Systems today announced that The Trust Company of the South will expand its use of InnoTrust by offering Hillier Hopkins, LLP investment management and reporting services to support its UK-based operations. This partnership will streamline Hillier Hopkins' multi-currency accounting and tax reporting using Innovest Systems' InnoTrust platform. InnoTrust, is a secure, integrated, real-time trust accounting and reporting technology platform provided in a highly flexible and scalable Software as a Service (SaaS) model.
Bill Smith, Managing Principal at The Trust Company of the South comments, "The Trust Company of the South is committed to delivering state-of-the-art independent and objective solutions to our clients and partners. In this case, we are able to leverage our longstanding relationship with Innovest Systems in order to provide a very strong solution quickly. When Hillier Hopkins needed the ability to report tax implications in multiple currencies, track gain or loss based on currency exchange rates versus asset price fluctuations, and generally work with portfolio holdings in multiple currencies, we knew we could rely on InnoTrust's flexible platform to meet the need."
William Thomas, Innovest Systems' chief executive officer said, "We are pleased to welcome Hillier Hopkins onto the InnoTrust platform through our longtime client, The Trust Company of the South. Innovest Systems brings a unique blend of modern-era technology, world class client service, and expertise to bear on our clients' challenges and opportunities. We are delighted that The Trust Company of the South and Hillier Hopkins will leverage this unique blend to create such an innovative solution."
About Innovest Systems
Innovest Systems, LLC is a financial technology firm that provides technology-driven solutions to trust and wealth management companies. Innovest's flagship product, InnoTrust, is designed to deliver a secure, integrated, real-time system offered in a Software as a Service (SaaS) environment. Innovest's technology is designed to meet the needs of the world's largest global financial services firms, as well as smaller independent trust and wealth management companies. Innovest is headquartered in New York City. For more information about Innovest Systems, visit www.innovestsystems.com.
About The Trust Company of the South
The Trust Company of the South is a North Carolina independent trust company providing premier investment, wealth management, and fiduciary services for high-net-worth individuals and institutions. Their clients benefit from the professional expertise commonly associated with large institutions, but also receive the responsiveness and personal attention of an exclusive private wealth management firm. For more information about The Trust Company of the South, please visit www.tcts.com.
About Hillier Hopkins
Established in 1933, Hillier Hopkins LLP is one of the UK's leading independent Chartered Accountants with four offices in London and the home counties. Hillier Hopkins provides advice and support to individuals and businesses ranging from small family enterprises to large international corporations. In particular, they provide wealth and tax solutions for US citizens that are subjected to tax in both jurisdictions. For more information about Hillier Hopkins, please visit www.hillierhopkins.co.uk.
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Media: Fraylie Nord