BGL picks up Schroders and Aberdeen
BGL Corporate Solutions has added Aberdeen and Schroders to its contract note service.
As part of the partnership, BGL will automate the collection of contract notes, and buy and sell data for purchases of managed funds.
This includes the data for self-managed super funds (SMSFs) that invest in managed funds, which will now automatically flow into BGL's Simple Fund software, the administration software provider stated.
BGL managing director Ron Lesh said automating the contract note collection process would allow for timelier reporting of SMSF investments, which can potentially take weeks or months.
Aberdeen and Schroders are the first of 31 fund managers that BGL plans to add to this service over the coming months.
Recommended for you
AUSIEX has announced it will acquire FIIG, a specialist fixed income provider with $4.5 billion in funds under advice.
Platinum Asset Management has announced it is in discussions with a global alternatives fund manager regarding a possible merger to create an $18 billion firm.
JP Morgan Asset Management has appointed an ETF specialist from Vanguard as it seeks to expand its ETF range.
The alternative asset manager has expanded its Singapore office with a head of Asian distribution, representing a “critical step” for the Asian business, where it is seeking to launch new offerings.
