Perpetual’s two year project to overhaul its unit registry system has been successful enough that it is now fielding requests from would-be white labellers.
Perpetual’s chief operating officer, Eric Wang, said the manager recently closed down one of its legacy systems, Bravura’s Calibre, as it continues to consolidate with more up-to-date software from the same supplier. Perpetual was the first client to implement Bravura’s Wrap application and to utilise Sonata Business Services, an end-to-end business solution which claims to deliver full enterprise workflow management and document imaging across Perpetual’s entire back office. Wang said Perpetual would consider taking on white-labelling business if it fit with his core aim of “;making admin easier for financial planners”; and did not deviate far from how Perpetual already deals with its clients. Wang said a white-labelling of Perpetual’s WealthFocus master trust would be the most likely manifestation of this.
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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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