Dimensional signs up to Calastone
Global fund transaction network specialist, Calastone has signed up another Australian fund manager client - this time Dimensional Fund Advisors.
The two companies have confirmed the relationship, with Dimensional saying the move is intended to streamline fund administration for its Australian and New Zealand clients.
Calastone specialises in automating manual processes for the managed fund and superannuation sectors. Previously, platforms and funds communicated by fax machine, with data inputted manually by operators.
Dimensional has opted to automate processing with the intention of improving reliability, lifting efficiency and decreasing risk.
The joint announcement between the two companies claimed the change was timely because it came after the interim report of the Murray inquiry into the Financial System, which called for greater focus on efficiency around the operation of superannuation in Australia.
Recommended for you
Equity offerings should be “seriously considered” by advice firms if they want to attract experienced advisers with the option viewed as a major differentiator for candidates seeking their next role.
DASH Technology Group has enacted two internal promotions, appointing a chief risk officer and chief commercial officer to strengthen the firm’s governance and operational capabilities.
The Stockbrokers and Investment Advisers Association has announced the appointment of its new chief executive following the exit of Judith Fox after six years.
Insignia Financial has appointed an experienced financial advice leader as head of education and advice on its Master Trust business, who joins from Ignition Advice,
