Principal Global Investors
, a division of the Principal Financial Group, has announced that it is using CheckFree APL
to add value added services to its managed accounts platform.
Checkfree is providing trading, portfolio accounting, reporting and performance measurement information services. The company’s platform is used by approximately 39 of the top 50 Wall Street sponsor firms and 36 of the top 40 managers to interface with each other, and operate in a straight-through processing environment. Institutional money managers also use CheckFree APL to enter and maintain account data, manage trades and measure portfolio performance.
Principal Global Investors is currently participating in two managed account sponsor programs and manages $110 billion in assets.
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