Macquarie sells institutional software licence, renames planner software
Macquarie has renamed the COIN Official financial planning software as Macquarie Visor in a bid to focus on the independent financial adviser (IFA) market, it said.
The company has also sold the COIN software's institutional licence to Rubik Financial, while Macquarie will retain ownership and continue to manage the IFA software offering.
Macquarie released version 3.9 of the COIN software last month, which included an expanded research offering and integrated a Mercer Investments feed to complement research feeds from van Eyk, Lonsec and Morningstar.
Version 4 is expected to be released later this year and will focus on a number of FOFA-related enhancements as well as mobile and online access to its most popular features.
Kirk Pitman, head of Macquarie financial planning software, said Macquarie was working to understand the specific challenges faced by IFAs and provide appropriate software solutions.
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.
