State Street has collaborated with FNZ Australia to launch a new wealth administration tool for its Australian clients.
The solution, Personalised Wealth Administration, will blend FNZ’s global platform technologies and State Street’s custody and asset servicing capabilities to offer various personalized wealth administration services through a master platform service.
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The service will facilitate advisers manage portfolio transactions across different asset classes in 168 jurisdictions, and will be immediately available for Australian wealth advisory firms.
Chris Taylor, head of State Street Australia, "FNZ has strong capabilities in the platform space and we are delighted to be offering innovative safe-keeping, administration and reporting services to State Street’s wealth adviser clients who have increasingly complex global investments."
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