Cashwerkz has made its digital cash investment platform available to advisers through a new partnership with an integrated managed accounts platform.
The data feed partnership with Praemium will see Cashwerkz’s offering from many authorised deposit taking institutions be made immediately available for advisers using Praemium and their clients in a single platform and administration environment, according to a statement.
Cashwerkz chief executive Hector Ortiz said the alliance is another win for the organisations involved, Australian investors and also for its ADI partners.
“The transparency of our online marketplace allows investors and wealth managers alike to confidently search for competitive market rates,” Mr Ortiz said.
“Our homegrown technology streamlines investor identification and onboarding for cash investment facilities and rollover capabilities, which is ideal for wealth managers.”
Praemium head of product and marketing Mat Walker commented, “We are delighted to welcome Cashwerkz as a data feed partner.
“One of the major strengths of the Praemium platform is its ability to facilitate the broadest range of investment assets for consolidated reporting.
“The combination of Cashwerkz’s broad range of term deposits and at call solutions with Praemium’s open architecture, data feeds and reporting will provide great efficiencies for advice businesses.
“We are also exploring further adviser efficiency opportunities with Cashwerkz across each of the other managed accounts solutions we have on the one integrated platform for custody and non-custody.”
Adrian Flores is a deputy editor at Momentum Media, focusing mainly on banking, wealth management and financial services. He has also written for Public Accountant, Accountants Daily and The CEO Magazine.
You can contact him on [email protected].
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