IWL Limited has reached a significant milestone, announcing this week that its Portfolio Solutions division branded as Echelon Portfolio has surpassed $5 billion in funds under management.
IWL described Echelon Portfolio as being an outsourced portfolio administration service with a specialist equities functionality supporting brokers, advisers, financial planners and wealth platforms.
The company said it was budgeting for its Portfolio Solutions business unit to contribute up to 60 per cent more in terms of revenue in the current financial year.
IWL chief executive Otto Buttula said the company was delighted with the Echelon Portfolio service and believed it had significant organic growth potential.
