Bluedoor 2.0 to provide scale savings

DST Global Solutions has released a new version of its Bluedoor wealth management system, which the company says will cut costs and provide efficiencies of scale.

Bluedoor 2.0 was developed in collaboration with AXA Asia Pacific, who will introduce Bluedoor’s direct equities trading, model portfolios and term deposit administration facilities to its North product platform, DST stated.

DST Global Solutions Bluedoor executive director Martin Spedding said the upgrade had reduced client administration by around 40 per cent.

The direct equities trading feature was designed to enable clients and advisers to trade direct to market in real time without needing a stand-alone system to integrate to their existing registry framework, DST stated.

DST Global Solutions Bluedoor executive director Mark Cassar said this would help reduce the investment costs of super funds and other investors that might otherwise have been achieved through scale.

The system will also allow investors to self-service transact with a range of term deposit providers using web-based straight-through processing technology, providing extra flexibility without increasing costs, DST stated.