Sharesight, an online investment portfolio tracker, has integrated with trading platform Desktop Broker to allow advisers to track their clients’ investment performance and utilise Sharesight’s intraday price and performance data and automatic dividend tracking.
Launched in 2008 by Bell Financial Group, Desktop Broker is a platform designed for financial advisers and wholesale investment firms to streamline share trading for clients and is currently used by more than 4,500 advisers.
According to the companies, the partnership will allow advisers to better understand their clients’ total annualised return, taking into account capital gains, dividends, brokerage fees, and foreign currency fluctuations.
Additionally, advisers will be able to access a range of performance reports designed to allow them to make better informed investment decisions for their clients, including performance, diversity, exposure, contribution analysis, multi-period, multi-currency valuation, sold securities, and future income.
Sharesight’s software is also linked with Xero, allowing advisers to view the details of their clients’ share purchases, sales, and dividends against their bank statements to gain an overall view of their clients’ wealth.
Desktop Broker’s head of partnerships, Martyn Johnston, said the partnership will help streamline adviser processes and increase efficiency.
“This integration streamlines advisers’ workflow, enhancing their ability to serve clients efficiently. With the integration, we’re eliminating manual data entry, which reduces errors and frees up valuable time for advisers to focus on what matters most – providing strategic guidance to their clients,” Johnston said.
“This underscores our commitment to innovation and delivering solutions that empower advisers.”
Sharesight chief executive Doug Morris added: “With thousands of Australian advisers trading on behalf of their clients using Desktop Broker, it made sense for us to integrate our software to supply advisers with superior performance data while also saving them time on reporting.”
