Asgard adds custodial shares solution to eWRAP
Asgard has launched a custodial shares solution through its eWRAP Investment, which adds clients’ equities information to their other investments on the same platform, allowing advisers to manage all of a client’s corporate actions online.
Kelly Power, national product manager for Asgard, said the solution would reduce paperwork, make management of share opportunities easier and give the adviser more control of their client’s corporate actions.
“Asgard will streamline the administration of the adviser’s client's shares by becoming the custodian of the shares and managing the share registry paperwork,” she said.
Moving a client’s shares onto the platform with their other investments means advisers will be able to offer advice inclusive of shares and exchange traded funds (ETFs) and fully participate in the growth of self-managed super funds. It will also help with managing compliance, she said.
The rapid growth in ETFs and the fact shares remain the preferred vehicle for high-net-worth investors meant it was crucial to have shares on a platform, Power said.
The solution has simple click through to see all clients eligible to participate and is tightly integrated with AdviserNET, Power said.
Power said the next phases of their equities roadmap included extending the shares capability with templating and bulk trading.
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