Midwinter channels new data service for ‘holistic’ approach
Financial planning software company, Midwinter, is using the InvestmentLink RealTime (ILRT) data service to extend its range of data feeds, in an effort to provide clients with a ‘holistic' advice experience.
Under the expanded data offering, ILRT has extended the range of data feeds accessible to Midwinter, by adding to current direct data feeds on the InvestmentLink platform.
InvestmentLink chief technology officer, Wayne Robinson, said that the exposure to client-authorised data would excel Midwinter's previous offerings.
"Midwinter now has access to data that has been traditionally hard to harness, such as individual bank, mortgage, credit card, loan term deposit, industry superannuation fund, self-managed superannuation (SMSF) and direct share accounts," he said.
"We see ILRT as filling a major gap in the market."
Midwinter managing director, Julian Plummer, said that planners would benefit from the investment information accessible, which would assist in increasing the focus on customer-centricity.
"Most software providers have been limited in their ability to deliver a complete financial position for their clients. ILTR is the game changer," he said.
"As a result, we expect the quality of our planner's advice to improve."
AUTHOR
Hope William-Smith
Recommended for you
Ahead of the 1 January 2026 education deadline for advisers, ASIC has issued its ‘final warning’ to the industry, reporting that more than 2,300 relevant providers could be on their way out.
As high-net-worth investors look to opportunities in alternatives, Praemium has revealed that advisers who can deliver on this demand tend to have deeper relationships with their clients as they are seeking more involvement in the investment process.
As adviser-client relationships stabilise, Investment Trends’ latest report said digital hybrid advice models are key to addressing the supply-demand gap in Australia.
A Koda Capital partner and executive team member, who joined the firm from almost a decade in advice roles at AMP, has departed the wealth manager.
