GBST, a securities transaction and fund administration software provider, has extended its managed services agreement with Baillieu Holst, an Australia-based financial advisory firm.
Under the agreement, Baillieu Holst will continue to use GBST shares equities clearing and settlement platform and GBST front office solutions.
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Also, GBST will continue to work with Baillieu Holst on the development of adviser, front end reporting and technical communications.
Through GBST’s platform, financial advisors can seamlessly access their information and can quickly interrogate their client base to identify opportunities.
Baillieu Holst managing director Gavin Powell said: "The platform has proven its reliability and scalability, and that it is comfortably able to cope with the changes in scope of our business. And GBST works closely with us on initiatives to keep improving the data we can extract from the system."
Commenting on the agreement, GBST capital markets chief executive Denis Orrock said: "Not skipping a beat during the transition of both firms to GBST Shares, and retaining all data, including enquiries in train, has certainly helped contribute to the positive growth levels of customers and funds under management."
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