FSL and peterevans deliver capital gains tax calculation tool
16 May 2006 | 4945 views | 0
Asset, fund and investment managers will benefit from a new state-of-the-art Capital Gains Tax (CGT) calculation and management tool supplied through a new partnership between financial IT providers peterevans and Financial Software Limited (FSL).
The "desk-ready" offering, which is to be made available as part of peterevans' existing front office management product Tira, is launched this week (date) and provides one of the most comprehensive and technologically-sophisticated CGT optimisation tools available to the Wealth Management community.
"For the first time, finance professionals will be able to use a fully integrated, market-leading CGT function as part of the Tira interface," said peterevans Managing Director Mike Foley.
"The speed and sophistication of its tax liability calculations and modelling will not only save time when managing portfolios, but will provide clear and accurate "What If" scenarios on planned investment decisions – all from the Tira front end."
FSL's highly regarded CGiX software forms the backbone of the new offering, which uses sophisticated real-time calculation methods based on fully up to date corporate event information and securities taxation data. CGiX is recognised as the UK's market leader in CGT forecasting.
"FSL's new partnership with peterevans is good news for wealth managers – and an opportunity for both our organisations to draw on each other's expertise," said Mike Foley.
"It's a natural fit – the sophisticated build of the Tira system is enhanced and augmented by one of the most powerful and flexible tax calculation offerings available, and we’re pleased to be offering such a reliable function to our customers which will help them enhance their competitiveness."
According to David Pirrie, Director of FSL, "The partnership is a perfect match in terms of our complimentary products and also in terms of our product design philosophy and culture of proactive service and support."
"We have been delighted by the opportunity to integrate CGiX into Tira and impressed by Tira's elegance and its richness of functionality, which makes it one of the most comprehensive client management tools available within today's demanding business environment."
"This partnership offers peterevans' existing and future clients the opportunity to benefit from a very powerful integrated solution for those aspects of investment management where CGT should be a consideration."