QIC to roll out Milestone Group’s pControl
Investment house QIC announced last week that it will replace its in-house core funds systems with Milestone Group’s pControl fund processing system.
pControl is a unit pricing platform that specialises in handling complex fund structures.
QIC general manager of operations Darren Mundie said QIC had $80 million under wholesale management across a broad range of investments and needed a platform that could handle complex business needs.
“The configurable nature of pControl supports our customisation requirements while minimising implementation effort and ongoing support,” he said.
QIC will use pControl for its unit pricing and validations, cash allocation, unitised order management and related accounting, tax processing and reconciliations.
Recommended for you
As the year draws to a close, a new report has explored the key trends and areas of focus for financial advisers over the last 12 months.
Assured Support explores five tips to help financial advisers embed compliance into the heart of their business, with 2025 set to see further regulatory change.
David Sipina has been sentenced to three years under an intensive correction order for his role in the unlicensed Courtenay House financial services.
As AFSLs endeavour to meet their breach reporting obligations, a legal expert has emphasised why robust documentation will prove fruitful, particularly in the face of potential regulatory investigations.
