Mainstream launches custody services

mainstream/custody/custodian/

12 October 2018
| By Anastasia Santoreneos |
image
image
expand image

Mainstream Fund Services has launched custody services, signing five new fund manager clients for total expected assets under custody of over $4.5 billion across 90 portfolios.

Mainstream had already operated as an incidental custody service for a number of years, but has now successfully raised enough capital to fund the regulatory capital required to operate as an eligible custodian.

Mainstream Asia-Pacific chief executive, Nick Happell, said the fund services provider offered a competitive bundled unit registry, fund administration and custody service that gives clients access to global markets across multiple asset classes.

“We are able to save fund managers and investors money on traditional custody service offerings due to our scale and simple pricing model,” he said.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 month 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

3 weeks 6 days ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 5 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 4 days ago

TOP PERFORMING FUNDS