-- Unique offering will enable financial organisations to help manage portfolios, mitigate risk and adhere to capital gains compliance
SYDNEY, March 11, 2014 /PRNewswire/ -- Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of BNY Mellon, today announced that it is collaborating with AIMS-STM, the leading specialist in capital gains tax (CGT) software for Australian shares and managed funds to accountants and financial institutions across Australia.
Eagle's collaboration with AIMS-STM will offer the Australian market the only comprehensive and innovative portfolio management solution covering middle and back-office functions together with fully automated Australian capital gains tax calculations. This unique alignment of portfolio management and capital gains specialists will also aid clients with their front office decision making by taking advantage of the 'what if' scenario functionality used by fund managers to make informed investment decisions aimed at achieving after tax benchmarks. By selecting this offering, companies will gain access to two leading specialist financial service providers, without the need to manage multiple relationships and integration projects.
"Financial organisations in Australia demand CGT calculations as a standard, and by aligning Eagle and AIMS-STM, we are offering the most innovative and efficient portfolio management solution with the most comprehensive CGT calculations," said John Legrand, managing director of Eagle's EMEA and Asia Pacific operations, Eagle Investment Systems. "This is a unique solution, as other software accounting firms have attempted to address this issue with custom software code but fall short of providing a seamless process and robust offering."
"For the first time, investment managers will be able to leverage one solution to manage their portfolios while mitigating risk and adhering to the stringent CGT requirements," said Gillen Kirkwood of AIMS-STM. "We provide fast and accurate capital gains tax calculation and we maintain on a daily basis one of the most comprehensive databases of Australian corporate actions from 1985 to date."
Eagle's innovative portfolio management suite, coupled with AIMS-STM precise CGT calculations, which include the most complex security types and corporate actions, presents the Australian market with an all-inclusive offering."
Eagle's open architecture enables an ecosystem that helps clients deploy industry leading solutions that combine Eagle capabilities with third-party solutions available in the larger marketplace.
Eagle is committed to helping financial institutions worldwide grow assets efficiently with its award-winning portfolio management suite of data management, investment accounting and performance measurement solutions that are delivered over its secure private cloud, Eagle ACCESSSM. Eagle deploys trusted solutions and services that create operational efficiencies and help reduce complexity and risk. Eagle Investment Systems LLC is a subsidiary of BNY Mellon. Additional information is available at www.eagleinvsys.com.
BNY Mellon's Asset Servicing business supports institutional investors in today's fast-evolving markets, safeguarding assets and enhancing the management and administration of client investments through services that process, monitor and measure data from around the world. We leverage our global footprint and local expertise to deliver insight and solutions across every stage of the investment lifecycle.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of December 31, 2013, BNY Mellon had $27.6 trillion in assets under custody and/or administration and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com or follow us on Twitter @BNYMellon.
SOURCE Eagle Investment Systems LLC