The impending revolution of fund administration

Blockchain will shake up industry

The global industry of fund administration is ripe for disruption.

If you have not tried to switch your personal investment portfolio from one platform to another, then just ask any IFA of their pains trying to do it for their clients and you will soon understand. What should, in theory, be a simple data transfer that takes seconds instead drags on for weeks and often months. And this archaically slow process is mostly down to fund administrators being stuck in the dark ages. But that is soon to change. Hargreaves Lansdown launches electronic voting system The last year or so has seen Allfunds, the global fund administrator with $1.4trn assets ...