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Aegis Reaches $1 Billion Dollars

State of the art New Zealand electronic investment system AEGIS has reached $1 billion in funds under administration.

Established in 1998, AEGIS provides investment and custodial services to financial advisers. After less than three years it is now administering $1 billion in investment funds.

A member of the Sovereign Group of companies, AEGIS lets financial advisers administer their clients’ investments through a desktop system known as a wrap account.

The software was developed in New Zealand in conjunction with local financial advisers. Through AEGIS investors can access both local and international investments including wholesale managed funds, fixed interest investments and shares.

“As e-commerce becomes an integral part of the financial advisers’ business strategy we expect Aegis to grow even faster,” AEGIS General Manager Paul Baldwin says. “More and more advisers are switching from internal systems to forming strategic alliances with administration service providers. The costs associated with supporting and developing internal technology means that most advisers are moving to outsource investment administration.

“AEGIS automates time consuming processes and lets advisers focus on investment strategy.”

Advisers estimate that AEGIS cuts their administration time by up to 70%.

To take advantage of Aegis’ e-commerce potential the Aegis management team gives priority to research and development via the significant resources of the Group. Enhancements such as Fast Trade, which speeds up share-buying, and the provision of wholesale services to financial institutions such as banks, have already been added.

“Aegis has the scope to continue advancing. We know it can handle even greater volume and more complex transactions than it does right now,” Mr Baldwin says.

With growth in funds under administration averaging 22% per annum in Europe over the last ten years, Aegis looks set to continue it’s impressive growth record.

For further information please contact:

Paul Baldwin, General Manager – Aegis, phone 09 488 3993- 021 271 8933
Jenny Driver, National Sales Manager – Aegis, phone 09 488 3993 – 021 304 044

Released on behalf of AEGIS by Network Communications (Peter Hallwright)
Phone (09) 306 5803 – 025 444 534

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