Sydney, Australia, July 27, 2004 – FMC Software Pty Limited (FMC Software), a leading provider of solutions and services to the investment management community, today announced that Dalton Nicol Reid (DNR), a Brisbane based boutique Fund Manager with approximately $200m under management, have selected FMC’s integrated investment management solution.
Originally, DNR were looking for an affordable front office system to support the management of their individually managed accounts. DNR selected FMC’s modelling and trade order management modules to deal with a growing volume of trades and compliance issues. Harley Dalton, Chief Executive Officer at DNR commented that “FMC’s pricing model allowed for a low cost framework to support front office trading requirements, including valuations, settlement and portfolio management reporting capabilities”.
The realisation that additional modules would assist to grow their business faster led to a decision to include FMC’s portfolio accounting, performance analysis, reconciliation and reporting modules. “Once implemented, DNR will have a fully automated and integrated business solution that is flexible, scalable and allows for future growth”, said Dalton.
“DNR are a perfect example of the emerging breed of boutique managers who realise that FMC offers independence and control of their operational platform and associated costs”, said Enda Mahoney, Managing Director of FMC Software. “DNR are a great company to deal with. They have a clear vision of where they want to go, which is something we both have in common”, Mahoney added.