Mafematica and BGL form partnership
The trend of software and fintech providers forming partnerships has spread to retirement planning, with retirement financial planning solutions provider, Mafematica, and self-managed superannuation fund (SMSF) software company, BGL Corporate Solutions, announcing a plan to introduce Mafematica’s cloud-based retirement solution to BGL clients.
The cloud-based product would offer SMSF trustees and advisers a range of investment portfolios including direct shares and assistance in assessing the existing securities held in SMSFs.
As part of the partnership, Mafematica would integrate with BGL’s Simple Fund 360 software and would be included as part of its ecosystem in BGL’s Marketplace.
Mafematica would provide retirement cash-flow reports for BGL clients and advisers that would show how SMSFs could improve those forecasts.
BGL managing director, Ron Lesh, was excited about what Mafematica could offer his clients.
“It should help our clients to help their clients invest better and retire richer … We see Mafematica as a great way to manage investment selection and retirement outcomes,” he said.
Mafematica founder and investment banker, Derek Condell, said: “BGL Corporate Solutions is a trusted and long-standing software provider to the SMSF industry and therefore we are delighted to form this partnership, as we move towards a formal launch of our product.”
Both companies felt that the product, which would launch in coming months, was a “vastly superior and lower cost solution to retirement planning” than was currently available.
AUTHOR
Staff Writer
Recommended for you
Financial advice platform Otivo has made an experienced appointment from the US as its head of product strategy.
Apostle Funds Management has appointed the newly created position of director, head of wholesale as the firm expands its Australian footprint in the wholesale sector.
Recruitment manager Robert Half has shared the most in-demand roles in financial services that firms are finding difficult to fill, driven by ASIC’s growing focus on risk and compliance.
ASIC chief executive, Warren Day, is among senior executives to depart the corporate regulator amid changes to its leadership team.
