A managed discretionary account provider is partnering with a fintech to deliver a new cloud-based solution to financial advisers.
managedaccounts.com.au will work with Melbourne-based CapitalRoad to upgrade its user interface and middle office requirements, replacing its proprietary software developed and supported in-house.
David Heather, chief executive of managedaccounts.com.au said the solution represents a significant investment to benefit advisers, wealth managers, firms and clients.
"This market-leading smart technology will transform the way advisers manage their business and communicate with their clients. It will not only deliver better management reporting and simplify the presentation of data to their clients, the technology will also drive internal efficiencies within an advisers practice," Heather said.
He added that new mobile capability will encourage end-client engagement via its easy-to-use interface.
"The CapitalRoad software will co-exist with the SS&C technology suite used to deliver the majority of our back office capability to present a best of breed fintech solution to the market," Heather said.
CapitalRoad co-founder and chief executive Marshall Stephen said the gap between financial services and technology has to be seamless if advisers and clients are to maximise their decision-making abilities and achieve their objectives.
"A modern, clean design, when combined with powerful middle and front office improvements, is a proven way to improve adviser efficiency and bolster client engagement," Stephen said.
The upgrade is expected to be live across all clients by 30 September 2017.