Technology entrepreneurs, Pete Caddick and Stewart Foster launched Step Fourth to develop a suite of digital solutions designed for UK Wealth Managers, Stockbrokers, Consolidators and Platform Providers.
Research conducted by Step Fourth has shown that the UK Wealth & Investment market dramatically lags other industries in the adoption of digital technology. Those products that are available lack innovation, are incomplete, need a high level of customisation and are prohibitively expensive to the majority of market participants.
To support the wealth and investment market, Step Fourth aims to be first to market with a new generation of client facing technologies that are functionality rich, out the box and available at a much lower price point.
Paul has an extensive track record of entrepreneurialism having established various financial services businesses in the UK and internationally These businesses include stockbroking, investment management, and financial advisory. His vast knowledge of the retail UK wealth management industry has been built up ever since he entered the industry in 1987, starting his career as a trainee stockbroker.
He has also advised the London Stock Exchange through being a member of the Private Client Committee as well as sitting on the Regional; Advisory Group (Midlands).
CO-FOUNDER & CTO
Pete is a Fintech specialist with over 30 years of product design & development, consultancy, sales & management experience.
Pete has Co-founded several fintech firms including Third Financial Software where he was CTO, has held product ownership roles for public companies and been a member of executive management teams, most recently as Head of Product Wealth Outsourcing for a marking leading DFM Platform.
Pete has in-depth domain knowledge covering all aspects of the front, middle and back-office operations within Private Banking, Investment Management, Wealth Management, Fund & Portfolio
Pete has successfully developed and managed several award-winning fintech products such as activebank Wealth Manager and Tercero.
He has designed and established digital engagement products including customer onboarding, account inception, robo-guidance, online trading & client reporting.
CO-FOUNDER & CEO
Stewart is an experienced and successful IT Entrepreneur and CEO having worked at executive level for 20 years at both private and public companies.
He spent his early career at JP Morgan before spending nearly 10 years at software house, Financial Objects Plc. In 2005 he joined the main board and was responsible for successfully turning around both the Wealth Management and Banking Divisions into profitable growing businesses.
In June 2007 Stewart set up Third Financial Software, now a major supplier to the UK Investment Management market with its multi award winning Tercero system and multi-billion AuM FCA regulated operations outsourcing service. Stewart stepped down from the board in October 2020 and in 2021, co-founded Step Fourth Ltd.
Stewart's previous technology companies were known for their technically advanced, innovative and award winning technology that in addition were commercially very successful for the shareholders.
Sarah is a Fintech specialist with over 25 years of experience in Customer Services, Product Design & Development and Project Management and has an in-depth knowledge of front, middle and back-office operations within the Investment and Wealth Management environments. As head of Customer Services and Operations with IMVS Ltd she implemented and supported software solutions for many small and medium sized businesses operating in this arena to an exceptional standard.
In the last four consecutive years Sarah’s achievements have been acknowledged by several individual nominations in the Systems In the City FinTech Annual Awards.
In 2019 she won the award for Exceptional Customer Service and in 2020 the Customer Relationship Specialist Award. Sarah was also nominated in 2021 & 2022.