AUI partners with DSTi
Fund manager Australian Unity Investments (AUI) has partnered with DST International (DSTi) to provide front and middle-office investment administration solutions for its in house management operations.
AUI chief operating officer Mark Pratt said DSTi has helped improve the automation of business processes for portfolio management, validation, performance and reporting requirements.
According to Pratt, AUI selected DSTi because it provided truly focused investment management solutions rather than just information technology improvements.
“With these solutions now incorporated into our daily business activities, we have a stronger control environment across a range of actions for both our in-house investment operations and joint venture arrangement with Platypus Asset Management,” he said.
Pratt said the solutions implemented now automate and report on modelling, dealing and pre and post trade compliance, performance measurement and attribution, unit pricing validation and client reporting.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
