Macquarie Adviser Services satisfied with cash solutions
Macquarie Adviser Services this week released the results of its annual in-house survey constructed to measure financial adviser opinions on its cash solutions.
The survey, which has been in use since 2004, tracks the views of financial advisers using Macquarie's suite of cash solutions such as the Macquarie Cash Management Account (Macquarie CMA) and Macquarie Bank Term Deposits.
According to Macquarie, almost 300 financial advisers and support staff took part in the survey, and provided an average overall satisfaction rating for Macquarie's cash solutions of 8.4 out of 10 - the highest in the survey's history, with the Macquarie CMA achieving 8.5 out of 10.
This saw more than 50 per cent of advisers rating the cash hub nine or 10 out of 10.
Commenting on the survey outcome, Macquarie Adviser Services head of cash product Peter Forrest claimed the results were testament to the ongoing enhancements the business was making to its cash offerings.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
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.