Sun, Sep 21, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Public Trust Advisors go live on newly launched Linedata Admin Edge administrator platform

Wednesday, March 07, 2012
Opalesque Industry Update: Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced that start-up investment advisor Public Trust Advisors LLC has gone live in only six weeks from signing, with the recently announced Linedata Admin Edge, a comprehensive platform comprising an fund accounting, investor administration and web reporting. The Linedata Admin Edge platform will enable Public Trust Advisors to manage and administer investment accounts for public agencies. The solution is hosted by Linedata.

Public Trust Advisors, a Colorado-based investment management firm, won a significant contract to manage the portfolios of the Colorado Local Government Liquid Asset Trust (COLOTRUST), which currently has assets under management of nearly US $4 billion. The consequent search for the right software led to the selection of Linedata for a comprehensive technology platform covering fund accounting, investor account administration, income allocations and web reporting in a hosted environment. Public Trust Advisors reviewed three other solutions, but found in Linedata the comprehensive solution and mindset they required. Greg Wright, CEO of Public Trust Advisors, explained, “The real advantage of Linedata was a fully integrated solution, with systems which were designed to work together to achieve efficiencies and keep costs in check.” He continued, “A further benefit we have discovered is the Linedata staff. We are delighted with how responsive and timely they are; Linedata really wants to be our business partner. Our final requirement, which is based on our business model and approach, was a fully hosted solution as we did not want to get into the business of running hardware and managing disaster recovery.”

Public Trust Advisors needed a solution to be up and running in time to meet their tight, client-led deadline. In order to meet that deadline, Linedata implemented the solution in just six weeks. Not only that, but they had a further requirement for an on-line trade order entry facility for their investors. Public Trust Advisors is the first client to use this new Linedata service. Greg Wright commented, “What Linedata is doing is at the vanguard. We are confident that this new on-line experience will delight our current clients and help us win new ones. In addition, the breadth of the software solution gives us the tools to grow our offering. We can manage funds, and carry out transfer agency and fund administration functions.”

“The administrator market increasingly needs a broader toolbox to provide everything from accounting and compliance to client reporting to meet the demands of their clients. Linedata has a proven platform deployed at some of the largest and most progressive administrators in the world. An increasing number of these clients sign up for an integrated, hosted platform such as this, as they look to gain competitive advantage through technology while keeping their overhead stable,” observed Annie Morris, Linedata’s Managing Director for North America. “It is a testament to our best-of-breed products and our people when clients like Public Trust Advisors choose us as their technology partner at the inception of their operation. We’re off to a great start by offering an on-line trade order entry facility to help Public Trust Advisors service their clients and we look forward to helping them grow their business.”

LineData

Press Release

BM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali