Software firms partner on new IT solution
Australian software firms Financial Synergy and RewardSuper will jointly produce a new software solution, specifically for self managed super funds (SMSFs).
The firms will integrate Financial Synergy’s Acurity product, which currently manages more than 2.5 million super members and $50 billion in funds under management, with RewardSuper’s RSDataWeb, an integration and automation tool to support SMSFs and accountants.
The collaboration uses RewardSuper’s SaaS online web solution to integrate transaction data and electronic data feeds, and will deliver seamless online administration for SMSFs, according to RewardSuper director Wolf Schumacher.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
