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
ASIC has issued infringement notices to two AFSLs over financial advisers providing personal advice while they were unregistered.
Australian retirees could increase their projected annual incomes by as much as 51 per cent through comprehensive financial advice, according to a Vanguard study, but cost continues to be an issue.
AMP has announced a senior appointment to its North leadership team, reinforcing the firm’s commitment to the advice industry.
Despite the financial adviser exam being rooted in ethics, two professional year advisers believe the lack of support and transparency from the regulator around the exam is unethical.
