Ex-Class CEO Kevin Bungard joins cloud accounting fintech, MyWorkpapers
Cloud accounting workpapers software provider MyWorkpapers announces the appointment of Kevin Bungard, former CEO of Class Limited, as their Global COO and Australian GM.
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 […]
Robo-advice provider inks deal with Class
An Australian robo-advice provider is partnering with Class to enhance its investment and tax reporting facilities. Class chief executive Kevin Bungard said the new arrangement with Six Park is “another great example of an innovative fintech solution which supports investors with effective investment decision-making, providing a daily up-to-date view of investment data and detailed tax reporting.” Six Park is also partnering with SMSF administration provider Heffron so as to offer its clients an automated SMSF management platform. Six Park chief executive Patrick Garrett explained: “While there will always be a place for traditional advice, there is a huge opportunity to use technology and automation to bring professional SMSF administration and […]
Midwinter & PractiFI integrate to provide advisers with world class business management system
PractiFI and Midwinter Financial Services have today announced a software partnership which is set to streamline the financial planning advice process. Through both systems’ open API, PractiFI, the business management platform for financial services, will seamlessly integrate with AdviceOS, Midwinter’s flagship financial planning software. The integration provides users with connected access to both systems, allowing data to flow freely each way. It comes as demand is increasing for an industry specific CRM, which PractiFI offers with its Salesforce-based platform. The integration synchronises rich client details between PractiFI and AdviceOS, removing the effort involved in duplicate data entry and the risk of error. It also allows advisers and […]
Financial advisers should consider bitcoin as an asset class
There is no better way to understand blockchain technology than to invest in bitcoins, a digital currency that has outperformed traditional currencies in recent years, according to an industry expert. This week the cryptocurrency broke record-highs when it started trading above USD$1680 against the US dollar. As at May this year, the total market cap of the bitcoin market has more than doubled to US$23 billion since it hit the US$10 billion mark just three years ago. Australia-born chief executive of Silicon Valley-based blockchain outfit Wyre, Michael Dunworth, said for financial advisers who are trying to figure out how the industry will affect their business, there is no better way […]
XERO CEO: London’s fintech scene is ‘world class’ and will stay that way post-Brexit
The CEO of £1.4 billion accountancy software giant Xero says London is a world leader in fintech — financial technology — and will remain that way post-Brexit. Rod Drury, founder and CEO of Xero, told Business Insider during a recent interview in London: “We love the fintech innovation happening in London, it’s absolutely world-class. When you see the apps that are being built here, they will go global. We’re really impressed by the quality of the finch thinking that goes on here.” London has become a European hub for financial technology — fintech — companies since the 2008 financial crisis. London boasts both a global finance hub in the City […]
Class releases SMSFs benchmark report for June 2016
The developer of Class Super and Class Portfolio has now released its June 2016 SMSFs report, publishing an overview of data about SMSFs and administrators and analysis of smaller balance funds. The report analysed statically 110,000 plus Self Managed Super Funds, which is administrated by Class Super, that represents 19.2% of the estimated 577,236 in Australia today. The data used is compiled using a selection of de-identified data extracted from across the Class Super user base. Class CEO, Kevin Bungard, commented that the first SMSF Benchmark Report published last quarter was “extremely well received across the industry” and includes informative analysis of lower balance funds was “an informative exercise, with […]
Class partners with MA Operator
Class, the developer of Class Super and Class Portfolio, has partnered with MA Operator, a new fintech which provides managed account and direct client portfolio services for financial advisers. The partnership will enable Class users to securely and instantly automate client data entry and synchronise transactions in MA Operator. This will further increase the efficiencies already offered by MA Operator which reduces the cost and effort of administration, on boarding and ongoing service obligations of monitoring and managing client portfolios. MA Operator also provides sophisticated rebalancing, analytics and automated ROA generation. These features combined with Class’ administration and reporting capabilities will help advisers to deliver more efficient and […]
