Solutions provider Envision Financial Systems (Envision) has partnered with Refinitiv to leverage its BETA Securities Processing division in an effort to deliver an integrated brokerage and mutual-fund subaccounting solution.
Refinitiv will offer both the brokerage platform and mutual fund capabilities under one support structure.
The Envision-BETA partnership launched late last year with AssetMark, a California-based asset management programme provider.
Since then, Refinitiv and Envision have collaborated to make the capabilities available to other BETA clients.
Commenting on the partnership, Tim Rutka, head of BETA securities processing solutions at Refinitiv, says: “For our mutual fund clients, the agreement with Envision helps us to deliver a full turnkey solution. We teamed up with Envision because they offer a real-time, easy-to-update solution that provides the complexity and flexibility our customers are looking for.”
Brian Jones, executive vice president of Envision, comments: “We are honoured to team with the leading brokerage platform to create a unique and highly efficient solution. Given BETA’s position in the brokerage system market, we look forward to helping many more firms streamline their subaccounting technology and services in concert with BETA.”
