FundsNetwork, a UK-based investment services platform, has selected software provider Bravura Solutions’ Sonata administration system to enhance its platform for advisers and their clients.
The Sonata administration system will enable FundsNetwork expand its range of investment products and tax wrappers including brokerage, full cash management and additional tax wrappers.
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Pat Shea, head of FundsNetwork, said: "Last year we announced our intention to launch a multi-year investment programme to enhance the platform and deliver new products and services. Since then, we have launched over 1,900 clean share classes, enhanced the FundsNetwork Navigator managed service and launched a new pension in response to feedback we gathered from our adviser community."
Tony Klim, CEO of Bravura, said: "This contract is a significant milestone for Bravura and our Sonata solution. Modern technology is increasingly playing a pivotal role as platforms focus on operational efficiencies and profitable growth. Sonata will help FundsNetwork deliver the agility it needs to respond to the changing requirements of advisers and investors."
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