CFS collaborates on tech for managed accounts
Technology solutions supplier, IRESS, will implement IRESS Portfolio System (IPS) technology onto Colonial First State's (CFS') wrap platform, FirstWrap, in a collaborative measure for new managed account solutions.
CFS acting executive general manager, Peter Chun, said that the advice and portfolio market was fast-changing and it was important to build ventures with providers who had the technological capacity to meet changing adviser needs.
"We went out and sourced the best in class capability around managed account technology," he said.
"[Using] best-of breed technology on the services we provide to advisers meets their evolving needs, not just in managed account but in the broader context of running a platform."
The solution would be available from 2017 on the CFS FirstWrap platform.
AUTHOR
Hope William-Smith
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.
