New Macquarie service goes live
Macquarie Private Wealth has flashed the green light on its new non-custody equities reporting service, with clients and advisers able to access the platform from today.
The new service, which had previously been trialled as part of a pilot program, will see the Macquarie Equities Portfolio Service being made available to all financial advisers who require an equities reporting and administration service.
The head of Macquarie Private Wealth, Peter Coleman, said the service had been developed by Macquarie Wrap and was expected be in use by the majority of Macquarie’s non-custodial broking clients by the end of the year.
The head of Macquarie Adviser Services, Neil Roderick, said the platform was designed to operate in conjunction with investors’ trading accounts.
AUTHOR
Mike Taylor
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
