In a joint statement, Plutosoft and CFS Edge announced that their data feed integration is complete, which aims to “remove friction from the advisory process”.
According to the firms, the integration will provide Plutosoft users with access to CFS Edge portfolio data, including a view of holdings, transactions, asset allocation and valuations.
Through the integration, they said advisers will be able to generate advice documents within Plutosoft without “duplication, improving efficiency and accuracy”.
“The integration with CFS Edge removes friction from the advisory process,” Plutosoft co-founder Vincent Holland said.
“The data feed will be particularly valuable for ongoing client advice, allowing advisers to seamlessly generate and implement a wide range of portfolio recommendations in Plutosoft, including rebalancing, switching and in-specie transfers.”
According to David Pritchard, executive director CFS Wrap, the ongoing integration programs are targeted at creating pathways for advisers to utilise the technology.
“CFS Edge supports financial advisers to work efficiently using their preferred tools and technologies,” Pritchard said.
“Adding Plutosoft to our expanding suite of integrations on CFS Edge highlights our unwavering commitment to this open architecture approach.”
Holland added that the software provider’s goal is to make “financial advice as seamless and effective as possible”.
“Integrating with CFS Edge demonstrates our commitment to expanding data connectivity with the platforms advisers rely on,” he said.
In March, CFS Edge also further expanded its investment menu with international managed accounts on the platform.
In what the firm called an “Australian first”, advisers and clients will now have access to an international managed account from global equity investment specialists Walter Scott through the CFS Edge platform.
CFS Edge will also host international managed accounts from Franklin Templeton and Watershed, bumping the total number of managed accounts on CFS Edge to more than 170 with over $16 billion invested in CFS managed accounts across the Edge and FirstChoice platforms.
Bryce Quirk, CFS group executive, distribution, said this addition to the platform is a direct result of the growing demand from advisers and licensees “seeking international investing opportunities”.
Meanwhile, Walter Scott executive director Roy Leckie added that the collaboration with CFS underscores the firm’s commitment to providing Australian investors with access to “high-quality and long-term global equity opportunities”.
“We have a single focus – investing in world-leading companies. Clients can count on us to stay true to this tried-and-tested investment approach for decades to come,” Leckie said.
