Lonsec reveals plans to develop former van Eyk technology


Lonsec says it is almost ready to unveil its enhancements to the former van Eyk iRate technology offering, which it purchased from the troubled research house's liquidators six weeks ago.
The handover is now complete, according to Lonsec, which said it would roll out a "major update" soon.
The update, iRate version 5, will feature portfolio construction functionality for all users, Lonsec said.
The technology currently has around 2800 users, spanning financial planners and licensees, with its core offering its portfolio construction capability.
Recommended for you
Sequoia Financial Group has declined by five financial advisers in the past week, four of whom have opened up a new AFSL, according to Wealth Data.
Insignia Financial chief executive Scott Hartley has detailed whether the firm will be selecting an exclusive bidder for the second phase of due diligence as it awaits revised bids from three private equity players.
Insignia Financial has reported a statutory net loss after tax of $17 million in its first half results, although the firm has noted cost optimisation means this is an improvement from a $50 million loss last year.
With alternative funds being described as “impossible” for fund managers to target towards advisers without the support of BDMs for education, Money Management explores the evolving nature of the distribution role.