Midwinter integrates with Class

Australian based financial advice technology provider Midwinter Financial Services has today announced its integration with Class, a leading provider of cloud software for administration and reporting of SMSF and non-super investment portfolios.

This particular integration will allow users of both Midwinter’s AdviceOS and Class to sync and replicate portfolios from Class into Midwinter’s AdviceOS, and allows users to update portfolio balances in AdviceOS overnight. The integration also allows for Class funds to be prepopulated, updated and used throughout AdviceOS like a normal portfolio.

The new integration marks another significant development in Class’ strategy to support advisers in the efficient delivery of advice, enabling effective collaboration across advisers, accountants and their clients and providing a single, consistent and up to date view of investment portfolios across SMSF and non-super entities.

Midwinter Executive Director and Chief Technology Officer – Andrew McClelland is pleased with the integration, saying  “By undertaking this partnership, we are further opening up the suite of choice for advisers when it comes to picking their tech stack – which at the end of the day, should be the focus of the future within financial planning technology.”

“The idea of open API isn’t a ‘new age’ philosophy anymore. This is a must have for any FinTech who wants to be operating in five years’ time.”

Strategic Alliances Director at Class, Glenn Poynton was also excited about the integration, saying, “We’re delighted to announce this new integration, which enables data to be seamlessly shared between users of Midwinter and Class, and provides a single view of wealth across all investment portfolios.”