Iress delivers on advice, super

Iress has delivered a strong revenue performance in the third quarter in Australia driven by financial advice and super which was up 12%, and secured several new mandates in the process.

Iress said the Q3 result is consistent with the prior corresponding period, with overall revenue up 3%. Its revenue growth in the Asia Pacific region was up 8% year on year reflecting demand for Xplan and super solutions, it said.

The Australian advice business delivered over 500 client conversations in the year to date.

Deployment of Iress’ super admin solutions to ESS Super and Guild Super are also progressing well and on track for delivery in the first half of 2021. Iress said it is also on track to deliver private wealth software to JB Were.

“We have delivered over 500 client conversions to Xplan this year and two mortgage clients went live in August. The projects to deploy our super administration technology and service are progressing well,” Iress chief executive Andrew Walsh said.

Iress chief executive Andrew Walsh said Iress delivered a consistent performance in Q3 and the strength of its recurring revenue model has been clearly demonstrated.

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Source: Iress delivers on advice, super | Financial Standard