Non-institutional dealer group Infocus Wealth Management has extended its managed accounts partnership with Praemium to enable straight through processing for advisers.
Infocus' PlatformPlus financial planning system will be integrated into the Praemium SMA platform allowing Infocus and PATRON advisers to generate application forms and invest clients into the Infocus Managed Accounts product from within their financial planning software.
"Integrating PlatformPlus with the Infocus Managed Accounts platform is a logical next step for Infocus, as it will enable through processing, from fact find all the way to opening and investing client's managed account portfolio. I am proud to say this is an industry first," Infocus managing director Bristow said.
In May Infocus announced that it had struck a deal with Praemium to develop a managed accounts solution for its advisers.
In a statement, Infocus said the solution – developed by Praemium – adds to the group's existing managed funds model portfolio solution and provides a separately managed accounts (SMA) platform for its advisers.
Commenting at the time of the launch, Mr Bristow said the managed accounts solution was developed in response to demand from advisers across the dealer group.
"This offers a completely automated SMA investment option for advisers and their clients. It's ideal for SMSF and high net worth clients seeking transparency, cost effectiveness and flexibility in investment management and reporting," Mr Bristow said.
Insignia believes advisers should be issued a practicing certificate by a centralised body.
The corporate regulator has put out a call, advising any person who is concerned they have received financial services from, or invested with, Ashley ...
APRA chair Wayne Byres has told super trustees to brace for “some rough seas” ahead.
Speaking at a Trans-Tasman Business Circle event, Wayne Byre...
Get the latest news! Subscribe to the ifa bulletin
Get notifications in real time and stay up to date with content that matters to you.