Investors Mutual Limited joins Calastone client list
Independent transaction network, Calastone, which launched in Australia in January, has added Investors Mutual Limited to its client list.
The company announced this week that Investors Mutual Limited had commenced trading its funds via the Calastone network this month.
Commenting on the move, Calastone joint founder Kevin Lee claimed there had been a rapid uptake of his company's offering on the part of the Australian funds management industry.
Investors Mutual Limited general manager Graham Hook confirmed use of the Calastone network, and said the technology allowed the funds industry to transact with one another quickly, easily and transparently.
Other Calastone users include RBC Dexia, Aberdeen Asset Management, Schroder Investment Management and one of the top three wrap platform providers.
Recommended for you
There could be changes ahead for how ASIC requires licensees to handle conflicts of interest as the corporate regulator announces it will be meeting key stakeholders next year to update guidance.
Proper recordkeeping has been described as the “mortar between the bricks” of the advice process and critical to an FSCP decision as an adviser is suspended for failures in this area.
As investors increasingly seek to embed ESG considerations in their portfolios, a specialist adviser has offered tips for financial planners who may feel overwhelmed in tackling these complex topics with clients.
Global investment consultancy bfinance is expanding into offering services for wealth managers as they seek advanced investment strategies for their clients.
