Macquarie integrates with superMate
Macquarie Adviser Services and Supercorp Technology have integrated software to automate and streamline self-managed super fund (SMSF) transaction data.
Supercorp has enhanced its superMate SMSF administration software to automatically link with Macquarie’s Cash Management Account.
The head of Macquarie Adviser Services, Tony Graham, said superMate would help streamline an adviser's business as information is automatically coded into the correct revenue or expense account. He said this would “significantly” reduce the errors that can occur with manual processing.
Chief executive Kurt Groeneveld said Supercorp was looking forward to working with Macquarie Adviser Services to further tailor superMate to meet the needs of its clients.
SuperMate was launched in September 2009 and over 2,000 SMSFs were using it by the following February, Supercorp stated.
The software enables SMSF trustees and their advisers to view valuation and asset allocation information 24 hours a day via secure Internet access.
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.