Iress confirms post-OneVue advice service play

Iress has further revealed its strategy in acquiring OneVue outlining a plan to combine OneVue’s managed fund registry with the Iress financial advice and trading front-end technologies to directly execute investment advice from Xplan and IOS and providing an interface for digital advice.

The strategy has been revealed at the company’s annual general meeting, with the chief executive, Andrew Walsh stating that it will be offering the new approach on a subscription basis “to drive recurring revenues for Iress and to reduce the cost to the end investor and other industry participants”.

He said the immediate priority was to integrate existing technology, Xplan and IOS, to existing infrastructure at OneVue within the first half of 2021 to deliver on “investment infrastructure as a service”.

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Source: Iress confirms post-OneVue advice service play | Money Management