Industrial Thought Ltd. Introduces Raw Knowledge, FSL’s Data-Driven Sister Company

Financial services group Industrial Thought Ltd. has announced the launch of its subsidiary Raw Knowledge, a specialist data provider and consultant delivering a comprehensive Excess Reportable Income (ERI) solution.

Backed by its proprietary database, Raw Knowledge offers the most in-depth, accurate ERI data available, tackling one of the most challenging issues affecting investors – reporting on offshore investments. It also provides expert end-to-end consultancy for various financial instruments, including offshore funds, fixed income and investment trusts. All the information is tailored to suit the customer’s needs, simplifying the process of determining a client’s tax liabilities and submitting accurate reports to HMRC. 

Raw Knowledge has a proven track of quality ERI data delivery as part of investment tax specialists Financial Software Ltd (FSL). Its team was vital in supporting FSL’s ERI solution as part of its market-leading capital gains tax (CGT) software, CGiX. As the data team, its customer base, and capabilities grew, the decision was taken by parent company Industrial Thought to create a separate entity, giving both companies more freedom to develop their products and services. Raw Knowledge and FSL are now both subsidiaries of the Industrial Thought group of companies. 

Preya Patel, Raw Knowledge Managing Director, explained: “With each of our offerings, Raw Knowledge helps reduce firm’s operational costs, minimise their risk and keep their clients happy. We are extremely proud of how our team and its capabilities have evolved so far, and we look forward to exploring new ways to lead data innovation, which will be crucial for the future of financial services.”

Mike Baker, Industrial Thought Group Managing Director, added: “This new structure enables Raw Knowledge to support its current customer base while investigating new avenues and markets. It is an exciting time for the team, and we will be collaborating with them closely to develop pioneering solutions for the financial services industry that unlock the full power of financial data. By doing so, we hope to help the industry become more agile, insightful and open.” 

Industrial Thought is committed to bringing expertise and innovation together in a best-of-breed ecosystem. Its collaborative approach has led to several partnerships that are helping to drive the creation of integrated, innovative products and services for the wealth industry.