OpenMarkets integration to ease portfolio management
Technology stockbroker OpenMarkets has integrated with IRESS’ portfolio management tool, providing an all-in-one broking and portfolio management solution for advisers.
According to a statement, advisers and intermediaries using IRESS’ Private Wealth Management (PWM) tool can now generate orders in bulk directly from PWM to OpenMarkets, removing the need for the manual entry of individual orders in external systems.
Transactional data generated by these executed trades is then stored at the underlying client level in PWM, the statement said.
“We view this integration as another step towards becoming the ‘most connected broker’, to provide choice, connectivity and greater convenience to our clients, and to support the wider wealth creation ecosystem,” said OpenMarkets chief executive Andrea Marani.
IRESS' managing director of financial markets for Australia and New Zealand, Kirsty Gross, said the company is pleased to be extending its partnership with OpenMarkets.
“As a unified and integrated solutions provider, we are focused on continuing to provide a broad and deep range of solutions to different industry participants,” Ms Gross said.
Financial coaching a potential ‘saving grace’ for advice
A trend of experienced advisers moving to financial coaching of new entrants rat...
ANZ falls in line with enforceable undertaking
The corporate regulator has announced that ANZ has complied with its court enfor...
Lonsec hires wealth management sales head
Research house Lonsec has brought on a new head of wealth management sales in re...