Bristol Municipal Charities Uses Online Transaction Portal bfinance to Select New Fund Manager
bfinance has today announced that Bristol Municipal Charities’ (BMC) used its online transaction portal to select a new manager for its balanced advisory fund. bfinance enabled BMC to place its fund management mandate for tender with over 300 European financial institutions. From the responses received, BMC was able to select the most beneficial proposition. The bfinance service saved BMC time by eliminating the need to produce multiple tender documents and provided increased competition by including more institutions in the tendering process than was possible in the past.