Corporate actions is the hottest topics in securities services today, and Boston-based custodian and fund administrator Brown Brothers Harriman (BBH) has boarded the rolling bandwagon today with the launch of ActionWorld, a real-time, web-based system enabling clients worldwide to stay tuned to corporate actions that could affect their portfolios.
“ActionWorld provides avenues for cost reduction and risk management by simplifying corporate actions processing and enabling clients to stay connected to operations 24/7, offering a hands-on, `total transparency’ approach to managing and responding to high risk transactions,” explains BBH. “The system brings clients an advanced online delivery capability, management of instruction, real-time, accurate information and risk tools to better address the flow of corporate actions. “
ActionWorld also delivers calculated entitlements and corporate event notifications such as tender offers, stock splits, and annual meetings in easily navigable formats. The interactive, scalable platform allows BBH to track client responses, giving the firm another outlet through which it can communicate with its clients.
“ActionWorld opens a real-time dialogue with clients which streamlines the corporate action information flow exponentially,” says Robert Bergman, managing director at BBH. “The new functionality brings outstanding enhancements to BBH’s corporate action system. Adding to our already successful web platform, ActionWorld gives clients complete control of their corporate actions – one of the highest risk areas in the industry – by affording unprecedented transparency and access. This facilitates instantaneous communication between BBH and our clients, allowing us to work together and resolve actions with increased speed and accuracy.”