MyState releases managed fund platform
Tasmania-based banking group MyState has announced its wealth management business, TPT Wealth, has launched a new platform that will provide managed fund investors with national digital services.
TPT Wealth will provide new online services through a digital funds administration and registry portal powered by Link Group, allowing investors to make contribution and redemption requests, update their personal contact details and view statements at their convenience, according to a statement.
Link Fund Solutions, part of Link Group, will be the custodian, administrator and registrar for TPT Wealth’s services, providing operational efficiency as the business gains scale.
MyState managing director and chief executive Melos Sulicich said the business is modernising wealth services for managed fund investors as part of a multi-year ongoing investment in the TPT Wealth business.
“The launch of our new Investor Portal completes the first phase in the strategic development of our wealth platform,” Mr Sulicich said.
“This brings a new digital capability allowing investors nationally to manage their investments online including making trades or topping up their investments. It enables investors to apply online for new products with straight-through processing, and newly registered fund investors can start transacting within a very short time frame.
“TPT Wealth’s services now complement the digital services offered by MyState Bank. This continues our strategy of serving customers through modern digital platforms and skilled, friendly customer service, providing a great experience that allows customers to access products and services when they want, how they want.”
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