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Wealthtime has a long history in the Southwest of England and we remain committed to the region.

Wipro has ambitious growth plans in this market and intends to create a UK centre of excellence in the Southwest area, built around current Wealthtime operations and technology team members, offering transferring colleagues exciting long-term career prospects in the region.

There are currently no planned changes in location and on day one of the transfer, which is expected to be from 1 February 2025, those transferring will continue to work in the same office, doing the same role, working for Wipro.

Wipro currently has a dedicated Operations Centre in the Southwest and is committed to expanding this as a long-term strategic base to enhance its UK wealth management servicing capability. It intends to create a UK centre of excellence in this area, built around current Wealthtime Operations and Technology & Change team members, offering transferring colleagues exciting long-term career prospects in the region.

The proposal is that Operations and Technology & Change functions, across both platforms, will continue working on Wealthtime and Wealthtime Classic systems and processes but will transfer employment to Wipro through a Transfer of Undertakings (Protection of Employment) (TUPE) process. Wipro is committed to building a UK centre of excellence for business processing around the transferring Wealthtime team, based in the Southwest area.

We will shortly begin a consultation with colleagues in roles likely to transfer to Wipro.

We will update advisers regularly as we progress the platform update. We will put in place a specific communications programme for the Wealthtime Classic transfer nearer the time, including any blackout periods and actions the Classic advisers or customers need to take.

The Wealthtime platform will undergo an accelerated platform enhancements throughout 2025 and will benefit from continued updates.

There is no fixed date for the transfer of Wealthtime Classic customers to the updated Wealthtime platform. Our focus will be on the quality of the client transfer and customer experience, rather than speed.

There will be no immediate change to service for advisers and their clients using the Wealthtime Classic platform and there’s no action to take.

As part of the client transfer readiness we will be in touch to let you know of any steps you need to take and give you regular updates on progress and next steps. We will have a dedicated team to support advisers and their clients and will work with Wipro and GBST to ensure a smooth transfer of assets.

GBST has extensive experience in delivering successful platform transfers for regulated financial institutions.

GBST has extensive experience in delivering platform transfers for regulated financial institutions. We will update advisers regularly as we progress the platform update and put in place a specific communications programme for the Wealthtime Classic client transfer nearer the time, including any blackout periods and actions the Classic advisers or customers need to take.

Further details will be communicated to advisers nearer the time.

We will update advisers on this nearer the time.

Once we have completed the Wealthtime platform enhancement, we will transfer Wealthtime Classic clients to the Wealthtime platform.

There is no fixed date for this yet. Our focus will be on the quality of the client transfer and customer experience, rather than speed. We will put in place a specific communications programme for the Wealthtime Classic transfer nearer the time, including any blackout periods and actions the Wealthtime Classic advisers or customers need to take.

Once transferred Wealthtime Classic users will enjoy significantly enhanced platform functionality based on GBST’s market-leading technology and seamless integration with Wipro’s advanced technologies and AI capabilities.

The existing Wealthtime Classic platform will continue to operate as usual until the transfer of assets is complete.

GBST has extensive experience in delivering platform transfers for regulated financial institutions.