Claims on fintech investment untrue says IRESS
IRESS chief executive, Andrew Walsh has disputed claims that the financial services technology industry is out of step with the financial planning industry's real needs.
Commenting on recent claims by InvestmentLink chief technical officer, Wayne Robinson, Walsh said there had been significant investment by both established fintech businesses and new players in delivering new solutions to meet the changing needs of financial advisers.
"While there is continued demand for ongoing innovation, his [Robinson's] comments that available solutions are limited and exclude parts of the financial advice industry are inaccurate," Walsh said."Many of the solutions Mr Robinson refers to as needed are already available in the market."
"Collectively financial advisers and the wider industry have committed significant amounts to investing in new solutions to meet business, client, and compliance needs," he said.
Recommended for you
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
Following yesterday’s news about First Sentier Investors closing four investment teams, a second global asset manager has announced it is closing its only dedicated Australian fund.
