MFO to buy Bravura investment management system
Myer Family Office (MFO) will adopt Bravura Solutions’ Garradin investment management platform in order to support the services it offers to its charity and philanthropy clients.
Matthew Browning, the head of investment at MFO, said it was excited to be moving toward implementing the Garradin product, and that Garradin was selected for its low cost and local support provided by Bravura.
The agreement to buy the product includes a provision that Bravura offer support for the system for a five-year period.
“We will be using Garradin as a unit registry solution to administer several of our funds on behalf of our family, philanthropic and charitable clients,” Browning said.
The Garradin system also incorporates BPAY functionality to operate MFO’s cash management trust.
“The agreement with MFO is part of our ongoing commitment to serving boutique wealth advisers and managers with institutional quality software and service solutions,” said the chief executive of Bravura, Simon Woodfull.
“The unit registry solution purchased by MFO will support it in streamlining its processes and providing its clients with clear information about their holdings.”
The investment product will be installed by June 2009.
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