Calastone, the global funds transaction network, today announced that James Hay Partnership, the platform for retirement wealth planning, is now live on the global Calastone network.
James Hay prides itself on offering a highly flexible and modular approach to wealth and investment planning for its 49,000+ investors that have entrusted more than ￡16 billion worth of investment and pension savings with the platform. As part of its service, James Hay offers an Investment Centre providing its customers with ready access to an extensive selection of investment products. In joining Calastone's transaction network, James Hay will be able to reduce its overall transaction risks and improve the online journey for its Investment Centre customers.
Commenting on the announcement, Jonathan Willis, Chief Commercial Officer at Calastone, said: "It is a testimony to our standing in the market that James Hay has chosen Calastone for its order routing. As a key distributor client, James Hay adds another important piece to the global automated coverage available on Calastone's global network. The global funds industry is focused on becoming fully automated from order entry right through to final settlement. Our role is to provide a fully interoperable infrastructure and continue to help our ever-expanding community of participants. We do this by collaborating closely with the industry and maintaining a keen focus on innovation drawn from our experience and expertise. "
Alastair Conway, Chief Executive of James Hay, added: "We are committed to constantly improving the user experience at all points along the user journey. Connecting to Calastone and automating our order flow means our clients will benefit from improved operational efficiency and even easier access to investment products from leading fund managers."