Slow innovation forces hand: Bristow

managed accounts innovation financial planning

13 November 2015
| By Nicholas |
image
image
expand image

A claimed lack of options and innovation in the planning software market has forced Infocus Wealth Management to come up with its own managed accounts solution.

Infocus managing director, Rod Bristow said the firm's Platformplus software will be integrated on the Praemium SMA (separately managed accounts) platform, in an extension of the partnership between the two companies.

The agreement will enable Infocus and PATRON advisers to generate application forms and invest clients into the Infocus Managed Accounts product from within their planning software.

"The Australian financial planning software sector has been dominated by a small number of players," Bristow said.

"As a result, innovation has been slow, which is why we built our own software. Integrating Platformplus with the Infocus Wealth Accounts platform is a logical step for Infocus, as it will enable straight-through processing, from the ‘fact find' all the way through to opening and investing the client's managed account portfolio."

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

2 hours ago

Interesting. Would be good to know the details of the StrategyOne deal....

4 days 7 hours ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 2 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 4 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

3 days 5 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

2 days 8 hours ago