Coin software integration at MLC, Macquarie
Coin Software has further integrated its technology suite with MLC MasterKey, Macquarie Life and Macquarie Cash Management Trust, providing more time efficient solutions to financial advisers using the software.
Coin users will now be able to open accounts with MLC through an online process that eliminates the need for paperwork, according to Coin managing director Darelle Jenkins.
“Making day-to-day activities easier and more time efficient for financial advisers remains at the very core of what Coin is all about,” Jenkins said.
“Therefore, integrating these popular solutions makes sense, because it will save time and lessen the administrative burden for advisers.”
She said that with the popularity of the Macquarie Cash Management Trust and the MLC platforms, further integrating these offerings with Coin Office will make advisers’ lives easier.
“They can receive automatic updates of client portfolios through the interface with MLC, avoiding the need to manually download and import files.
“Individual accounts can be refreshed instantly with new information, saving considerable time for financial advisers and their support staff.”
Recommended for you
An adviser has received a written reprimand from the Financial Services and Credit Panel after failing to meet his CPD requirements, the panel’s first action since June.
AMP has reported a 61 per cent rise in inflows to its platform, with net cash flow passing $1 billion for the quarter, but superannuation fell back into outflows.
Those large AFSLs are among the groups experiencing the most adviser growth, indicating they are ready to expand following a period of transition and stabilisation after the Hayne royal commission.
The industry can expect to see more partnerships in the retirement income space in the future, enabling firms to progress their innovation, according to a panel.
