Fidelity joins Calastone network

self-managed-superannuation-funds/SMSFs/

2 August 2013
| By Staff |
image
image
expand image

Fidelity Worldwide Investment is the latest company to join Calastone's global transaction network.

Calastone announced Fidelity's inclusion this week at the same time as flagging it would be expanding its Australian network to cover wealth software platforms and self-managed superannuation funds "in the near term".

The Calastone network allows participants such as Fidelity to automate flows from platforms and custodians into Fidelity's Australian fund range.

Commenting on the move, Fidelity's head of operations and client services, Doug Bryden, said the company welcomed the automation of what had been a manual process, the reduced risks and the increased levels of accuracy and timeliness it brought.

Calastone's Australian managing director, Shannon Sweeney, said the company was already a gateway in Superannuation Superstream automation and was working to develop and broaden its network.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 4 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

5 months ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

2 weeks 1 day ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 6 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks 4 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND