AUSIEX launches cash account for advisers

AUSIEX has launched a cash account to help financial advisers manage client cash seamlessly alongside trading accounts.

The account is designed to simplify and streamline cash management, accelerate funding and settlement, improve visibility and control, and reduce the friction and risk associated with multiple cash accounts and transfers.

The account will be fully integrated and accessible within the AUSIEX adviser trading portal, providing real time funding for trading accounts, online visibility of balances and transactions, automatic settlements and notifications, a competitive interest rate calculated daily and paid monthly and is fully supported by local service teams.

AUSIEX analysis showed advisers executing 100 trades a month could save more than eight hours by removing unnecessary cash transfer steps through a more integrated cash solution.

"AUSIEX has built an integrated cash hub as a practical solution for advisers to reduce unnecessary steps in trading and cash administration," AUSIEX head of product and customer experience Brett Grant said.

"Inefficient cash and trading processes is costing advisers and their clients valuable time - reducing both trading agility and time spent with clients. Streamlining these processes also helps reduce the compliance and operational risks associated with cash movements."

It is a practical liquidity tool for advisers and clients, AUSIEX said, helping them keep investable cash accessible and ready to deploy when markets move, while still supporting efficient settlement and portfolio implementation.

"Cash should not simply be set and forget, nor treated as a passive and disconnected portfolio holding," Grant said.

"An efficient integrated cash management account can help advisers build more deliberate liquidity positions - enabling client cash to earn income while giving advisers the flexibility to meet cash needs, respond to volatility and take advantage of investment opportunities without unnecessarily disrupting long-term portfolio strategies."