BGL picks up Schroders and Aberdeen
BGL Corporate Solutions has added Aberdeen and Schroders to its contract note service.
As part of the partnership, BGL will automate the collection of contract notes, and buy and sell data for purchases of managed funds.
This includes the data for self-managed super funds (SMSFs) that invest in managed funds, which will now automatically flow into BGL's Simple Fund software, the administration software provider stated.
BGL managing director Ron Lesh said automating the contract note collection process would allow for timelier reporting of SMSF investments, which can potentially take weeks or months.
Aberdeen and Schroders are the first of 31 fund managers that BGL plans to add to this service over the coming months.
AUTHOR
Staff Writer
Recommended for you
The Financial Services Council has appointed a new deputy chair for its board.
ASIC chair Joe Longo has told compliance professionals they need an “attitude of compliance” beyond written policies, how can AFSLs achieve this without alienating their advisers?
Peri and menopause training founder and TV journalist Shelly Horton has hit back at calls for businesses to introduce menopause leave.
Pendal has told investors it will start winding up its Enhanced Credit fund from December, its third fund closure this year.
