Equity Trustees aims to upgrade to Bravura’s Garradin wealth management platform by next July.
The provider of mezzanine distribution to institutional funds managers started its relationship with Bravura five years ago, buying the Calibre system but always intending to upgrade, according to managing director Peter Williams. Yesterday it announced it had installed the Talisman system, an application for administering wrap platforms, master trusts, retail / wholesale unit trusts and retirement products such as superannuation plans, pensions, annuities and provident funds. Talisman sits under the umbrella of Sonata, Bravura’s enterprise-wide wealth management platform, which Equity Trustees will implement before joining the likes of Macquarie on Bravura’s more recent acquisition, Garradin, which will further integrate asset management, unit registry, fiduciary accounting and taxation.
26/08/2008
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Alternatives
The chief investment officer of the $150 billion industry super fund says that Hostplus’ portfolio will weather the ongoing downturn in software companies and that moves by a number of large private credit managers to gate their funds are a result of the asset class being offered to retail investors who should not have assumed the funds would be liquid enough to get money out when everybody else is trying to do the same.
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