CUSTODIANS
Investors' funds are held in custody with the ASB Bank owned AEGIS custodian, part of the Commonwealth Bank Group. At any stage, our investors can access their own account in AEGIS over the Internet, to get the latest valuation of their assets, details of trading, dividend information and even a complete taxation report to be handed to the accountant.
The big advantage of AEGIS, which administers $4.6 billion, is that it tracks every event that can impact a portfolio of investments, immediately showing the outcome. Dividends, share splits, buying and selling: Everything is immediately accounted for and adviser as well as client has the latest update.
The Custodian establishes a stand-alone account for each investor but all investments are registered in the name of the Custodian. Importantly, this practice provides independent protection of investors' assets.
Foundry Asset Management is therefore able to provide a high quality service to our clients while reducing paperwork to an absolute minimum.