Smith & Williamson selects Bravura Solutions Rufus

Bravura Solutions has this morning reported the recruitment of a second ‘Software as a Service’ (SaaS) client, having been selected by Smith & Williamson Fund Administration Ltd to power its transfer agency administration. 

The deal means Smith & Williamson, the accountancy, investment management and tax group and a fast-growing UK independent authorised corporate director service provider, will take Bravura’s SaaS transfer agency package. This includes the adoption of Bravura’s automated end-to-end STP messaging technology solution, Babel.

Smith & Williamson will become the second group to take up the SaaS package, following boutique asset manager Margetts Fund Management Limited (Margetts), who moved to self-administration with the SaaS package in June 2016.