Boost for Investment Managers as Peterevans and FSL Unveil new 'Desk-Ready' CGT Module
London, 16th May 2006 Asset, fund and investment managers will benefit from a new state-of-the-art Capital Gains Tax (CGT) calculation and management tool supplied through a new partnership between financial IT providers peterevans and Financial Software Limited (FSL).
The 'desk-ready' offering, which is to be made available as part of peterevans' existing front office management product Tira, is launched this week (date) and provides one of the most comprehensive and technologically-sophisticated CGT optimisation tools available to the Wealth Management community.
"For the first time, finance professionals will be able to use a fully integrated, market-leading CGT function as part of the Tira interface," said peterevans Managing Director Mike Foley.
"The speed and sophistication of its tax liability calculations and modelling will not only save time when managing portfolios, but will provide clear and accurate 'What If' scenarios on planned investment decisions - all from the Tira front end."
FSL's highly regarded CGiX software forms the backbone of the new offering, which uses sophisticated real-time calculation methods based on fully up to date corporate event information and securities taxation data. CGiX is recognised as the UK's market leader in CGT forecasting.
"FSL's new partnership with peterevans is good news for wealth managers - and an opportunity for both our organisations to draw on each other's expertise," said Mike Foley.
"It's a natural fit - the sophisticated build of the Tira system is enhanced and augmented by one of the most powerful and flexible tax calculation offerings available, and we're pleased to be offering such a reliable function to our customers which will help them enhance their competitiveness."
According to David Pirrie, Director of FSL, "The partnership is a perfect match in terms of our complimentary products and also in terms of our product design philosophy and culture of proactive service and support."
"We have been delighted by the opportunity to integrate CGiX into Tira and impressed by Tira's elegance and its richness of functionality, which makes it one of the most comprehensive client management tools available within today's demanding business environment."
"This partnership offers peterevans' existing and future clients the opportunity to benefit from a very powerful integrated solution for those aspects of investment management where CGT should be a consideration."
About Financial Software Limited
Financial Software Limited (FSL) is a specialist software company that has been supplying and supporting the UK financial market for twelve years.
FSL is the market leader in the provision of Capital Gains Tax (CGT) solutions to both large and medium sized private wealth investment managers as well as the accountancy market. Its 'best of breed' CGiX solution is also the preferred solution of the leading outsource providers in the UK market.
About peterevans
peterevans is a leading independent provider of front to back office systems to the financial services sector, providing both global solutions to major institutions and highly-focused technology to smaller organisations.
The Company's Front office offering Tira supports a wide range of third party systems and provides fund managers with a web-enabled, real time solution with powerful calculation engines via a thin client. Primary applications in addition to the new CGT module include portfolio valuation and modelling, performance analysis and measurement and automatic order generation.
Back office systems TRACS and Axim support end-to-end straight through processing for the full range of automation and transaction requirements, including full CREST settlement and SWIFT ISO 15022 messaging.