Trustees Executors (TEL) has implemented a "next generation wealth management platform" for its KiwiSaver operation.
The company is the largest provider of third party administration for financial services in New Zealand and leaders in the provision of trustee, custodial, investment accounting, unit pricing and registry services.
Its new platform, Sonata, is provided by ASX-listed company Bravura Solutions. This arrangement enables TEL to focus its resources on managing and building a business, while Bravura manages the IT arrangements.
TEL executive director Rob Russell says the new platform "will allow us to be more responsive to client needs.”
Sonata provides investors, advisors and administrators with efficient processes, deep functionality, 24/7 web access and flexible reporting. Sonata will enable TEL to deliver a superior service to existing clients while also positioning the business for growth.
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