Bravura’s Sonata selected in NZ



Specialist financial services software provider Bravura Solutions Pty has picked up a key managed service mandate with New Zealand's Trustee Executors Limited (TEL) to roll out its Sonata wealth management platform.
Bravura announced the arrangement last week, stating that TEL had selected Sonata to replace its current installation of Talisman, one of Bravura's heritage wealth management applications.
The company announcement noted that Bravura was a long-standing technology provider in New Zealand, with more than 50 per cent of all KiwiSaver accounts being administered on Bravura platforms.
Commenting on TEL's decision to go with the Bravura product, the company's chief executive, Tom Hoey, said Sonata's functionality and its strong presence in the New Zealand market were critical factors in his company's choice.
Recommended for you
BT is to launch a new low-cost “Focus” investment menu for its Panorama platform this October, in partnership with Vanguard, seeking to compete with industry superannuation funds.
Net gains of financial advisers have already doubled since the start of FY25, according to this week’s Padua Wealth Data, with momentum gathering pace far faster than the previous financial year.
National advice firm MiQ Private Wealth has appointed a new chief executive to lead the business through a “transformative era” after penning a partnership deal with AZ NGA earlier this month.
WT Financial’s managing director, Keith Cullen, believes the firm’s Hubco model with Merchant Wealth Partners will be a “repeatable growth model” for the business as it scales its adviser numbers.