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Personal Trust International implements the Fundamental Portfolio Manager

Trust and investment company Personal Trust International recently went into production with Fundamental Software’s newly customised Fundamental Portfolio Manager (FPM). The FPM Version 3.0 is now able to deal equally well with both private and institutional investment needs, making it the only portfolio management software solution in South Africa that is able to do so.

The FPM had been running parallel to Personal Trust’s existing asset administration platform until optimal handling of the investment company’s approximate 3500 private client portfolios was achieved.

“Prior to working with Personal Trust, the FPM solution had been designed to handle a high transactional value, but not necessarily a high number of portfolios,” says Craig Arenhold, CEO of Fundamental. “Personal Trust is our first customer on Version 3 that deals with private clients as opposed to institutional ones, and has been an excellent stress-test for the new application.”

Personal Trust decided to upgrade its older system as it was no longer compatible with newer software technology. After evaluating three portfolio management systems, they agreed that FPM would best suit the company’s changing needs. “Not only was FPM the only local offering, but also the most cost-effective. The fact that it is a fully-integrated solution means that we can run four systems on a single platform. It is also customisable to include only the modules we actually use,” says Personal Trust’s Operations Director, Jacqui Meyer.

The company uses five of the FPM’s nine functional modules that include its core transactional, cash management, custom fields, integrated general ledger, unit trust pricing and reconciliation modules.

“We are very satisfied with our choice to go with FPM. It allows for multi-currency, and operates in a real-time environment. This allows for the integration of our various systems that was not previously possible,” says Meyer.

“Personal Trust is our first production client on Version 3.0 of the FPM,” says Arenhold. “Their input was invaluable to the system’s ability to now handle large volumes of portfolios.”

“It was a pleasure to work with Fundamental. There was no challenge too big or too small for them to solve,” says Meyer. “Feedback from users has been very positive as well. The FPM is easy-to-use, grid-based, flexible, and can be customised per individual user.”