Bravura Solutions Limited (ASX: BVS) leverages its Sonata Platform’s Capabilities

Tech player, Bravura Solutions, which provides wealth management services, finds support from its functionality rich technology platform that enables modernization, consolidation and simplification, and has over 30 years of experience. The business comprises more than 350 direct and indirect blue-chip clients.

The group is on the uptrend in terms of stock price as it signed a contract with Legal & General Unit Trust Managers Ltd (UTM) for the implementation of the BVS Sonata platform (a wealth management solution). The investment management of funds for UTM is managed by Legal and General Investment Management (LGIM) and LGIM is the investment management arm of Legal and General group, a FTSE 100 company. LGIM has about Pound 983 billion assets under management as at 31 December 2017. Through this arrangement, Sonata will provide LGIM with the flexibility required for accelerated product development and delivery across personal investing and other selected business lines for digital transformation.

BVS was noted to be trading at a market price of $3.340, as at June 22, 2018 (before market close), and has a market capitalization of $696.3 million. The company has in excess of A$2.8 trillion in assets under management and in excess of A$2.8 trillion (Euro 1.6 trillion) in assets entrusted to the systems, as at its latest half yearly result.


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