BGL partners with Aberdeen and Schroders
Specialist self-managed superannuation fund (SMSF) administration solutions provider BGL Corporate Solutions has announced a partnership with fund managers Aberdeen and Schroders to automate the collection of contract notes for purchases of managed funds.
According to BGL, the Contract Note Service automatically loads buy and sell data and PDF contract notes for over 50 brokers into BGL's Simple Fund SMSF administration software.
It said Aberdeen and Schroders were the first of 31 fund managers that would be added to BGL's Contract Note Service. The partnership means that the data for SMSFs that invest in managed funds will automatically flow into BGL's Simple Fund software.
Commenting on the arrangement, BGL managing director Ron Lesh said the addition of managed funds to the BGL Contract Note Service would make it much easier for the company's clients to process managed fund transactions.
Schroders' head of product and distribution Chris Durack said the automated provision of contract notes for transactions into managed funds represented a win-win for the company's clients investing in funds via SMSFs.
Recommended for you
Insignia Financial has issued a statement to the ASX regarding a potential bid from a third global private equity business to acquire the firm.
More than 30 advisers fell off the FAR during the Christmas and New Year period, according to Wealth Data, with half of these coming from licensee giant Entireti.
With next-generation heirs unlikely to retain their family’s financial advisers after receiving an inheritance, Capgemini has explored how firms can work with younger generations to maintain a relationship.
The use of technology and data analytics will be a way for advice firms to grow in 2025, according to Adviser Ratings, with those who are using it successfully reporting 10 per cent higher profit margins.
