Abacus selects PFS-PAXUS for fund admin 13 August 2019London Reporter: Jenna Lomax
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Abacus Financial Services has selected the Pacific Fund Systems (PFS) solution, PFS-PAXUS, for its third-party fund administration business operations.
PFS-PAXUS will provide Abacus with a complete back-office fund accounting, multi-currency, portfolio valuation, fund pricing and transfer agency solution in a single, automated and fully integrated system for the administration of its investment funds.
In addition to fund administration services, Abacus offers wealth management, corporate structuring, pensions, tax, accounting and the procurement of legal services.
Paul Kneen, CEO of Pacific Fund Systems, said: “We believe there is currently no better multi-functional market-wide product that can compete head-on with PFS-PAXUS, and we are delighted to welcome Abacus Financial Services Limited as a new client.”
He added: “PFS is well served by a skilled team of professionals who work tirelessly to ensure our clients, both new and existing, are provided with the highest levels of service and support in the use of our software solutions."
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