BGL announces SMSF share registry process
A service providing convenient share registry data access for self-managed super fund (SMSF) administrators has been announced by BGL Corporate Solutions and Computershare Investor Services Australia.
The partnership will securely automate the process and will give BGL's existing clients the ability to access important shareholding information via Computershare's Simple Fund software.
Ron Lesh, managing director of BGL, said automating this process would mean significant cost and time savings for clients.
"The addition of Computershare data completes the SMSF dream," he said.
"Until now, BGL has only been able to supply our clients with bank account, contract note, ASX and Unlisted Unit Trust data.
"Registry data from Computershare completes the picture with fast and convenient access to payment information and shareholding balances," Lesh added.
"Our clients can significantly reduce processing costs and greatly improve their efficiency."
Greg Dooley, managing director of Computershare Investor Services & Fund Services, said that the service, which was securely encrypted, eliminated the need for shareholders who had an SMSF to collect a 'shoebox' full of dividend and holding statements.
"In partnering with BGL, Computershare sees a fantastic opportunity to assist shareholders to efficiently manage their reporting requirements, removing many of the costs and risks associated with manual collection," concluded Dooley.
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