The datafeed coming from Cashwerkz will enable advisers to accurately measure asset allocation, liquidity levels and cash exposure from a total portfolio perspective, said a statement from the two firms.
Cashwerkz chief executive Hector Ortiz said, “This is an exciting development for Cashwerkz to further service prospective and current loyal advisers who rely on Cashwerkz for their client’s cash investments.”
A spokesperson from IRESS also commented on this development, saying that “working together with a fintech like Cashwerkz with our XPlan software will be greatly beneficial for our users, which is approximately 65 per cent of the advice market”.
“IRESS have always been innovators in the industry and working with other innovative companies ensures we are providing financial planners with more options and digital engagement for efficient client management,” the spokesperson for IRESS added.
