Fincast launches institutional portfolio app for advisers
Australian fintech company Fincast has launched a new application for advisers, providing them with access to institutional fund management and portfolio building capabilities.
The application introduced by Fincast enables advisers to construct and manage portfolios using an institutional-grade portfolio management framework, a statement from the company said.
"For the first time in Australia, Fincast's applications are giving financial advisers access to the same tools and capabilities as global fund managers," Fincast co-founder and managing director Andrew Connors said.
"We believe it is game changing for the industry, and is likely why we have been overwhelmed by the interest in our applications, both in Australia and from offshore," he said.
The Software as a Service (SaaS) application is designed around investment forecasting algorithms based on research by Vanguard founder John Bogle, the statement said.
Fincast, which is a Stone & Chalk resident, said it will launch two more applications in the first quarter of 2016.
The apps are designed to increase engagement between advisers and their clients, Fincast said.
Fincast is also set to launch a "lower cost/lower touch" app for advisers looking to reach the 80 per cent of Australians who do not currently receive advice.
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