Heartwood Wealth Management has connected to Calastone's cross-border transaction network, joining a raft of other firms making the same move.

Calastone offers electronic order routing between fund buyers, fund distributors and fund managers whatever their preferred format and provides automated net settlement services through trade order matching.

One of the counterparties to take advantage of receiving automated orders direct from Heartwood will be Capita Financial Group in its capacity as authorised corporate director and fund administrator.