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.
There is one investment area where Insignia’s $180 billion super arm has not lost money for the past 17 years, which is what it calls the insurance-related investments. The alternatives strategy is gaining popularity among asset owners due to its diversification benefit, but Insignia’s super and asset management investment chief Dan Farmer warns it is a space where investors can suffer if they “stumble in without doing the homework”.
Darcy SongJanuary 23, 2025
