FA Solutions partners with FSL on CGT support for clients

Cloud-based portfolio management platform FA Solutions has selected Financial Software Ltd (FSL) to provide capital gains tax (CGT) support for its wealth and investment management clients.

Through the agreement, FSL will provide its CGT solution, CGiX, to FA Solutions’ clients across the wealth and investment management sector.

This will provide the platform’s clients with access to CGiX’s CGT calculations and reporting, including automated corporate actions processing.

FA Solutions said the partnership marked an important milestone in its commitment to providing integrated tax tools to wealth managers, family offices, and independent financial advisers to help them streamline portfolio management and tax reporting.

The platform provides a cloud-based portfolio management service to more than 80 asset and wealth managers, covering the investment operation from onboarding through to reconciliation and valuations.

“We’re thrilled to partner with FSL, whose proven expertise in capital gains tax will empower our clients to manage complex tax reporting and planning with confidence, accuracy, and efficiency,” said FA Solutions head of product strategy, Matthew Reid.

FSL group head of technology, Joe Hughes, added: “FA Solutions shares our vision for delivering high-quality, technology-driven solutions to wealth managers and financial advisers.

“Together, we can provide a fully integrated solution that reduces manual workloads and enhances both efficiency and accuracy in tax reporting.”

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