Class and MA Operator partner for fintech venture
Cloud company, Class Super, has announced a partnership with managed account fintech start-up, MA Operator, to provide managed account and direct client portfolio services to financial advisers.
MA Operator, which launched four weeks ago in Sydney, provided three services on its platform . The independent software provides solutions for managed accounts and direct portfolios delivered under a Statement of Advice model, as well as services for managed discretionary accounts (MDAs) with risk and compliance management, and software and services for external MDA Operators aiming to improve scale.
Class users would be able to automate client data entry and sychronise transactions in MA Operator. MA Operator also provided rebalancing, analytics, and automated records of advice generation. MA Operator co-founder, Shannon Bernasconi, said: "As well as removing inefficiencies in the industry, we want to give advisers more power to construct portfolios that will demonstrate real value to their clients. Our partnership with Class, a leader in innovative administration software solutions, supports this ambition".
AUTHOR
Hope William-Smith
Recommended for you
A relevant provider has received a written direction from the Financial Services and Credit Panel after a superannuation rollover resulted in tax bill of over $200,000 for a client.
Estimates for the calendar year 2024 put the advice industry on track for a loss in adviser numbers as exits offset gains from new entrants.
Adviser Ratings shares five ways that financial advice changed in 2024 with an optimistic outlook for 2025, thanks to the Delivering Better Financial Outcomes legislation.
National advice firm Invest Blue has announced several acquisitions, including the purchase of an estate planning and wealth protection business Lambert Group.
