OnePath introduces new fund reporting technology
ANZ-owned asset manager OnePath has introduced FundSource as its new fund reporting system for its clients, which has cut the quarterly collection of performance data for 300 funds from six weeks to two days.
FundSource is a fully automated document production service powered by a client communication and reporting solutions company Kurtosys Systems.
Prior to embracing the new technology, OnePath used Microsoft Excel spreadsheets to collate fund performance data.
Some of the features available on FundSource are pre-built libraries for data and content loaded through the data management toolkit, Kurtosys EDM, factsheet components, workflows and templates.
Kurtosys chief executive officer, Mash Patel, said these features “significantly reduce the time, effort and cost for OnePath’s move to Kurtosys”.
Recommended for you
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With wealth management M&A appetite only growing stronger, Business Health has outlined the major considerations for buyers and sellers to prevent unintended misalignment between the parties.
Industry body SIAA has said the falling number of financial advisers in Australia is a key issue impacting the attractiveness and investor participation of both public and private markets.
