IPA enters strategic partnership with myprosperity

IPA myprosperity partnerships accountants

17 May 2017
| By Staff |
image
image
expand image

Financial services software company, myprosperity has entered into a strategic partnership with the Institute of Public Accountants (IPA) to assist accountants to better service their clients.

Confirming the partnership this week, myprosperity chief executive, Chris Ridd said he saw the partnership as an exciting opportunity to close the gap around personal finance in the wealth advice space.

“In a digitally-driven financial market, myprosperity helps accountants by providing up to date data, so they can get a real-time snapshot of their clients’ finances and provide informed advice,” he said. “I think getting this data is something accountants struggle with and myprosperity is an elegant solution to this problem.”

Ridd explained that myprosperity automates data feeds from providers such as Class Super, Redbook, Yodlee, RP and the Australian Securities Exchange (ASX) to provide information about clients’ bank accounts, credit cards, home loans, real estate, insurances and superannuation.

Commenting on the strategic arrangement, IPA chief executive, Andre Conway said he believed it could help power a transformation in the client/public accountant relationship.

“The ability to provide real time, bespoke information to clients on their personal financial position will greatly assist informed decisions and a much deeper relationship between public accountants and their clients,” he said.

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...

13 hours ago

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

4 days 18 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 16 hours ago

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

2 days 19 hours ago