CFS collaborates on tech for managed accounts

CFA/iress/technology/finance/

30 September 2016
| By Hope William-Smith |
image
image
expand image

Technology solutions supplier, IRESS, will implement IRESS Portfolio System (IPS) technology onto Colonial First State's (CFS') wrap platform, FirstWrap, in a collaborative measure for new managed account solutions.

CFS acting executive general manager, Peter Chun, said that the advice and portfolio market was fast-changing and it was important to build ventures with providers who had the technological capacity to meet changing adviser needs.

"We went out and sourced the best in class capability around managed account technology," he said.

"[Using] best-of breed technology on the services we provide to advisers meets their evolving needs, not just in managed account but in the broader context of running a platform."

The solution would be available from 2017 on the CFS FirstWrap platform.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 4 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

5 months ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

2 weeks ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 6 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks 4 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND