NZ's Trustee Executors selects Sonata
New Zealand's largest provider of third party administration services, Trustees Executors Limited announced this week it had gone live with Bravura's Sonata and that it was the first company to implement Sonata for KiwiSaver.
The company said Bravura was providing the Sonata wealth management platform to Trustee Executors as a Managed Application Service, enabling it to focus resources on managing and building a business, while Bravura managed the IT arrangements.
Confirming the development Trustee Executors executive director, Rob Russell said the company had selected Sonata after an extensive evaluation process.
Recommended for you
With regional and rural suburbs exhibiting high spare capacity to invest, Money Management speaks to three regional advisers on the opportunities beyond the major cities and the importance of a strong network.
Platform consolidation is expected to accelerate among financial advisers this year, as software company Finura pinpoints which two platforms are set to be the winners, thanks to this trend.
The software provider has made several appointments in its APAC wealth propositions team, with a focus on driving growth across digital advice, Xplan and strategic partnerships.
The platform has announced it plans to close its Xplore managed discretionary account service in 2026 which holds $2 billion in funds under administration.