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
A relevant provider has received a written direction from the Financial Services and Credit Panel after a superannuation rollover resulted in tax bill of over $200,000 for a client.
Estimates for the calendar year 2024 put the advice industry on track for a loss in adviser numbers as exits offset gains from new entrants.
Adviser Ratings shares five ways that financial advice changed in 2024 with an optimistic outlook for 2025, thanks to the Delivering Better Financial Outcomes legislation.
National advice firm Invest Blue has announced several acquisitions, including the purchase of an estate planning and wealth protection business Lambert Group.
