Selestia has joined the EMX Message System as a consolidator for trading in their collective investment, ISAs, PEP and ISA transfers.
Onshore and offshore bonds as well as investments into Selestia Collective Retirement Account will also be included.
EMXCo is a technology company that provides an electronic messaging solution for automating the purchase, sale, valuation and settlement of unit-based funds.
The company launched in June 2000 and says it is more efficient than paper, phone or fax-based processing systems by using a single data input.
The EMX Message System is free to distributors.
Selestia marketing director Bill Vasilieff says: “EMXCo has a robust reputation in the market and is a vital component for effective communication between platforms and fund managers, and this is the next major step in realizing the benefits of technology.”
EMVCo head of sales and marketing Tony Wood says: “We are delighted to be able to welcome Selestia on board. Our system is proven to deliver fantastic cost savings and efficiencies, which is why all the major UK supermarkets have now moved over to EMXCo.”