Eagle Investment Systems Collaborates with AIMS-STM to Provide Comprehensive Portfolio Management Solution Encompassing Australian Capital Gains Tax Support

Unique offering will enable financial organisations to help manage portfolios, mitigate risk and adhere to capital gains compliance 

Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of BNY Mellon, today announced that it is collaborating with AIMS-STM, the leading specialist in capital gains tax (CGT) software for Australian shares and managed funds to accountants and financial institutions across Australia.

Eagle’s collaboration with AIMS-STM will offer the Australian market the only comprehensive and innovative portfolio management solution covering middle and back-office functions together with fully automated Australian capital gains tax calculations. This unique alignment of portfolio management and capital gains specialists will also aid clients with their front office decision making by taking advantage of the ‘what if’ scenario functionality used by fund managers to make informed investment decisions aimed at achieving after tax benchmarks. By selecting this offering, companies will gain access to two leading specialist financial service providers, without the need to manage multiple relationships and integration projects.

“Financial organisations in Australia demand CGT calculations as a standard, and by aligning Eagle and AIMS-STM, we are offering the most innovative and efficient portfolio management solution with the most comprehensive CGT calculations,” said John Legrand, managing director of Eagle's EMEA and Asia Pacific operations, Eagle Investment Systems. “This is a unique solution, as other software accounting firms have attempted to address this issue with custom software code but fall short of providing a seamless process and robust offering.” 

“For the first time, investment managers will be able to leverage one solution to manage their portfolios while mitigating risk and adhering to the stringent CGT requirements,” said Gillen Kirkwood of AIMS-STM. “We provide fast and accurate capital gains tax calculation and we maintain on a daily basis one of the most comprehensive databases of Australian corporate actions from 1985 to date.”

Eagle’s innovative portfolio management suite, coupled with AIMS-STM precise CGT calculations, which include the most complex security types and corporate actions, presents the Australian market with an all-inclusive offering.”

Eagle’s open architecture enables an ecosystem that helps clients deploy industry leading solutions that combine Eagle capabilities with third-party solutions available in the larger marketplace.