Bravura and Statewide partner
Financial services software provider Bravura Solutions has struck a partnership with South Australia’s largest private sector superannuation fund, Statewide, which will see them provide the fund with a new software system.
The new system will see Statewide upgrading its existing legacy system, which has been in use for the last eight years, to Bravura’s Sonata SuperB, to coincide with the recent implementation of Sonata Pensions and Sonata Investments.
Statewide chief executive officer Frances Magill said they were looking for a single platform to administer their current products and also grow to accommodate future additions.
According to Magill, increased functionality will promote significant benefits across core products such as superannuation, pensions, unit trusts and online services.
Bravura group chief executive officer and managing director Iain Dunstan said Statewide was the latest client to adopt the new system, following Perpetual earlier this year.
“A number of other companies are also in the process of upgrading from their current legacy systems to benefit from increased operational efficiency and decreased total cost.”
Recommended for you
Two commentators have shared why the inclusion of alternatives in a diversified portfolio shouldn’t be a simple switch with a traditional asset and will depend heavily on clients’ objectives.
Morgans chief executive, John Clifford, has announced he will step down from the wealth management group after eight years leading the business.
Funds under administration on the BT Panorama platform have passed $120 billion in the last six months as it progresses its migration of Asgard into the platform.
Private markets may be the hot topic of the day but two financial advisers have shared the red flags to consider and why advisers shouldn’t be tempted to invest solely in the pursuit of higher returns.
