A broken chain of investment providers: why investors pay the price
by Doug Morris, CEO, Sharesight Buying food from a shop is so simple, it’s something many of us take for granted – but it doesn’t have to be. Instead of taking say, a carton of eggs to the checkout, imagine having to first ask the farmer if they’re free-range or caged, the grader for the size and quality, the Food Standards board for nutritional information, and (finally) the shop for the price. Investors face a similar proposition every day. Crucial information such as performance data, tax reporting, share dividends, corporate actions, and cost bases are spread across online brokers, share registrars, investment platforms, wraps and even old-fashioned spreadsheets. Bringing these […]
Stone & Chalk fintechs integrate to unlock huge opportunities for advisers
Award winning fintechs from Stone & Chalk – Macrovue and Fincast – integrate to offer a comprehensive off-platform investment solution. Global thematic trading platform, Macrovue, and model portfolio management tool, Fincast, have teamed up to provide a game-changing solution for the wealth management industry. The integration of the two award-winning, next-generation solutions will provide advisers with the ability to automatically create tailored multi-asset class portfolios, matched to a client’s unique goals and risk profile and seamlessly execute the trades, all in under one hour. The solution will see a huge increase in efficiencies for advisers. Model portfolios teamed with seamless automation and execution will free-up advisers and […]
Australian software startup Businest wins Global Award for Small Business App
Accountex (formerly SleeterCon) announced businest® as the winner of The Small Business App You Should Be Using at their annual accounting technology conference in Las Vegas, Nevada. The award sponsored by Accountex, the leading independent accounting technology expo and conference in the world, was presented to businest® founder Rhondalynn Korolak, on stage in front of more than 1,000 attendees. Each year more than 150 new apps are added to the small business, cloud accounting ecosystem. The Meridian Awards, created by Accountex, are presented to a prestigious few apps in the accounting technology space who have displayed excellence beyond their peers in a given award category. There are only 4 awards […]
How digital automation can help offset Australia’s 492 per cent regulation boom
By Jacqui Henderson – Founder & CEO, Adviser Intelligence Damage control does not come cheap. Just ask Dongjin Koh, President of Mobile at Samsung Electronics. Koh told press in October this year that the total recall of the inflammable Galaxy Note 7 range – based on reports of just under 50 exploding units of the 2.5 million shipped products – would cost the Korean conglomerate a “heartbreaking amount”. Or to be more precise, more than $5 billion, Samsung later admitted. But, according to Chang Sea Jin, National University of Singapore business school professor, the multi-billion dollar Note 7 recall cost was worth it. “The potential damage to reputation is far […]
Moneysoft launches new package designed to boost client engagement, satisfaction and revenue
Leading personal financial management (PFM) software provider Moneysoft has launched a complete package of resources and tools to help financial advisers introduce an effective, profitable budgeting and cashflow management service to their clientbase. Developed in conjunction with advisers, the Moneysoft Business Processes toolkit contains a series of eBooks, video tutorials, blogs, and client-facing brochures and templates. It is a complete, step-by-step guide on how to build and deliver a relevant goals-based, money management proposition; how to grow and diversify practice revenue; and how to achieve a deeper client engagement through “cashflow as a service”. According to Peter Malekas, managing director of Moneysoft, the ready availability of cloud-based Software as a […]
New tech solution for advisers
Fintech firm, Your Technology Made Lite (YTML), is integrating its Highlighter platform technology for advisers’ in-house Excel solutions to boost accessibility and integration with online systems. YTML chief executive, Kevin Liao, said that Highlighter had already been used for advice web apps and automated with an adviser’s existing IP. “Highlighter automates the development of a web app,” he said. “As long as advisers have the flow of data entry organised… we can configure and upload it into Highlighter and convert it into a web app for them. “Advisers, accountants and SMSF [self-managed superannuation fund] specialists have so much capability sitting within their practices, and by partnering with technology solutions such […]
Fintech launches robo-planner for SMSFs
Australian fintech start-up, A.S.A.P, is launching a digital advisory platform for SMSFs in response to the removal of the accountants’ exemption from the financial services licensing regime. A.S.A.P chief executive, Jim Hennington, said that the eponymous platform had been developed to fit the changing needs of SMSF clients and accountants. “We… have found a way to use technology as the elegant solution to disruptive changes in the law,” he said. “It helps SMSF trustees and their accountants, while supporting an important public policy objective.” Hennington said plenty of SMSF accountants had yet to decide whether to refer client questions to licensed advisers in the period from 1 July, or whether […]
Quantifeed makes key hires from leading banks as expansion in Asia Pacific continues
Quantifeed, a leading provider of digital wealth management solutions in Asia Pacific, today announced the appointment of Audrey Wong in the combined role of Chief Operating Officer and Chief Financial Officer, alongside several other key senior hires in Hong Kong and Australia. The Hong Kong based company is moving ahead with regional expansion after announcing successful completion of a US$4.5 million Series A round in July. Audrey Wong brings strong financial and operational experience, coming from Bank of America Merrill Lynch, where she was COO of Asia Pacific Equities in Hong Kong. Her career spans more than 15 years in the investment banking sector, including roles as CFO and COO. […]
