Global Claims Filing Limited (GCF) will provide a comprehensive securities class action claims filing application to Advent clients using Advent Corporate Actions (ACA), Advents straight-through-processing service.
ACA is a flexible tool enabling clients to track actions from announcement through effective date; receive alerts containing revisions and processing tips; and gain access to a dedicated team of corporate action specialists who assist advisory staff with processing details and the interpretation and confirmation of complex tax opinions. ACA supplies customized position-level corporate action reports for a broad range of action and security types, along with market effective transactions for mandatory U.S. equity and ADR events, including tax compliant details.
GCF offers comprehensive claims filing software empowering clients to maximize their financial recoveries. ACA clients can now receive security class action notifications, and will have the ability to file claims on their own, or work with Advent and GCF to file. Also GCF service enhances the performance of portfolios.
We look forward to working with Advent to provide their ACA clients with a comprehensive securities class action claims filing solution, says Michael Egan, managing director, Global Claims Filing Limited. By outsourcing the claims filing process, GCF enables its clients to concentrate on their investment performance, and relieve their back office from a time consuming and tedious process.
We are very excited about this new relationship with GCF, which marks our fifth data vendor available through ACA, says Alison Swabowicz, senior straight-through-processing product manager, Advent. It is our goal through this partnership to make our clients aware of security class actions so that they can file or work with GCF to recover lost funds.
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