Collins launches online document hub
Headof the Tom Collins Consultancy, Tom Collins, has launched an online document management hub called Offerdox.
Offerdox will provide fund managers with a portal for publishing, storing, maintaining, archiving and securing any document they want to make available online.
According to Collins, maintaining online documents is an increasingly complex task. The number of documents fund managers need to have available online, combined with the added complexity of multiple versions of any particular document, makes the whole process a headache, he says.
“As the industry moves more online and towards achieving efficiency in standard processes, Offerdox provides managers an easy way to maintain their online documents. It also provides dealers and advisers an easy way to access documents online,” Collins says.
Offerdox is aimed squarely at this niche, claiming to be capable of delivering online document maintenance more cost-effectively than in-house management.
While documents are stored on the Offerdox hub, they are only accessible for alteration by a fund manager’s authorised staff. Planners, dealers, researchers and other interested parties are not able to tamper with documents that they download and the hub will only allow the absolute latest version of a document to be downloaded or accessed.
Offerdox is also aiming to become a one-stop shop for intermediaries, allowing them to access forms from many fund managers.
Automatic form population can be set up by dealers and discount brokers, as can authorisation levels for advisers and researchers.
Recommended for you
A financial advice firm has been penalised $11 million in the Federal Court for providing ‘cookie cutter advice’ to its clients and breaching conflicted remuneration rules.
Insignia Financial has experienced total quarterly net outflows of $1.8 billion as a result of client rebalancing, while its multi-asset flows halved from the prior quarter.
Prime Financial is looking to shed its “sleeping giant” reputation with larger M&A transactions going forward, having agreed to acquire research firm Lincoln Indicators.
An affiliate of Pinnacle Investment Management has expanded its reach with a London office as the fund manager seeks to grow its overseas distribution into the UK and Europe.
