Correction MM – Parkers’ Edge
A story in the last issue of Money Management referring to the brief closure of Macquarie Bank’s screen scraping venture, Enrichment.com.au, stated that Parkers’ Edge had exited the market.
That statement is untrue. Parkers' Edge through its supplier Corilllian, has ended its dealings with the Macquarie venture, but Parkers' Edge has not left the account aggregation market. Corillion has exited the Australian market.
Parkers Edge has a firm standing in the aggregated data marketplace, recently signing an exclusive deal with US-based software supplier, 724 Solutions.
Money Management apologises to Parkers' Edge for any inconvenience caused by the error.
Recommended for you
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
New Zealand’s financial regulator is following the footsteps of its Tasman neighbours and proposing to conduct a review on improving the accessibility of financial advice and advice business models.