IWL and Entrust ink service agreement
IWL has secured a further two-year services agreement with Entrust Private Wealth Management for the use of its portfolio business Echelon.
The new agreement will see the Western Australian wealth management advisory firm extend its existing three year contract with IWL’s broker trading offering for another two years until October 2011.
Commenting on the new agreement, IWL chief executive officer Otto Buttula said: “IWL is committed to growing its market position as a leading wealth management infrastructure provider to organisations such as Entrust, and we look forward to continuing to assist it in achieving their objectives.”
Under the agreement, IWL will continue to provide Entrust with its proprietary broker trading desktop, including order vetting, real-time streaming market data, automated order processing, settlement and portfolio reporting.
Entrust manages in excess of $700 million for high-net-worth clients primarily invested in Australian equities for superannuation, pensions, companies and individuals.
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