J.P Morgan Worldwide Securities Services (WSS) will provide custodial and fund administration services to 10 funds managed by SFG Australia subsidiary Mosaic Portfolio Advisers (MPA), alongside the four funds it already manages.
SFG Australia came into existence after Snowball Group merged with Shadforth Financial Group Holdings in June last year. SFG is a non-aligned financial advice and end-to-end wealth management firm.
WSS will provide an expanded service to its 14 funds including performance reporting and mandate compliance.
“J.P. Morgan has delivered a superior offering to meet SFG and MPA’s rapidly evolving needs during this period of considerable growth,” says David Brown, head of relationship management, investment managers, J.P. Morgan WSS.
“Like many clients, SFG is seeking to consolidate services and requires a partner that can quickly take on additional funds. As a provider, we are constantly looking for ways to meet client needs, and SFG’s access to our newly launched Online Portfolio Analytics Lab (OPAL).”
WSS’s first web-based portfolio analytics tool, OPAL, helps institutional investors assess risk across individual portfolios and optimise asset allocation and investment manager selection.
