BGL partners with Aberdeen and Schroders
Specialist self-managed superannuation fund (SMSF) administration solutions provider BGL Corporate Solutions has announced a partnership with fund managers Aberdeen and Schroders to automate the collection of contract notes for purchases of managed funds.
According to BGL, the Contract Note Service automatically loads buy and sell data and PDF contract notes for over 50 brokers into BGL's Simple Fund SMSF administration software.
It said Aberdeen and Schroders were the first of 31 fund managers that would be added to BGL's Contract Note Service. The partnership means that the data for SMSFs that invest in managed funds will automatically flow into BGL's Simple Fund software.
Commenting on the arrangement, BGL managing director Ron Lesh said the addition of managed funds to the BGL Contract Note Service would make it much easier for the company's clients to process managed fund transactions.
Schroders' head of product and distribution Chris Durack said the automated provision of contract notes for transactions into managed funds represented a win-win for the company's clients investing in funds via SMSFs.
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