Specialist asset manager Liontrust has adopted global funds network Calastone’s share class conversions solution.
Calastone’s solution allows fund managers to simplify their product offerings and lets investors convert to the best value share class.
In using the solution, Liontrust will be able to offer straight-through processing for share class conversion, automating conversion requests from any business partner or investor connected to Calastone’s network.
This will reduce operational risk and costs and allow the company to meet evolving client demands, the company says.
Ross Fox, managing director and head of UK and Europe at Calastone, says: “The process of moving fund share classes has been complex for market participants and investors alike, often preventing them from accessing the best and most cost effective share classes.
“Calastone Share Class Conversions is uniquely able to automate this process, and thanks to the coverage of our fund network, we provide clients with connectivity to all major fund managers and distributors, simplifying the process and removing an area of friction.”
Martina Huntley, head of client operations at Liontrust, comments: “This enhancement enables us to create a significantly improved investment experience across the entire transaction chain. Calastone has been a valuable partner in enabling us to maximise the benefits of automation.”
