Class and MA Operator partner for fintech venture
Cloud company, Class Super, has announced a partnership with managed account fintech start-up, MA Operator, to provide managed account and direct client portfolio services to financial advisers.
MA Operator, which launched four weeks ago in Sydney, provided three services on its platform . The independent software provides solutions for managed accounts and direct portfolios delivered under a Statement of Advice model, as well as services for managed discretionary accounts (MDAs) with risk and compliance management, and software and services for external MDA Operators aiming to improve scale.
Class users would be able to automate client data entry and sychronise transactions in MA Operator. MA Operator also provided rebalancing, analytics, and automated records of advice generation. MA Operator co-founder, Shannon Bernasconi, said: "As well as removing inefficiencies in the industry, we want to give advisers more power to construct portfolios that will demonstrate real value to their clients. Our partnership with Class, a leader in innovative administration software solutions, supports this ambition".
Recommended for you
With HNW investors representing the largest market for alternative assets, Praemium and CoreData research underscores why this presents a compelling opportunity for advisers.
Having completed the successful integration of Diverger, Count has upgraded its forecast for expected synergy benefits achieved by the acquisition by a third.
Australia’s largest licensee has seen the biggest number of adviser losses over the past week, while the expected wave of new entrants has boosted overall adviser numbers.
Iress has increased its forecast adjusted EBITDA by $5 million for the 2023/24 financial year in light of the sale of its platform business to Praemium and hinted at a return to dividend payments.