Financial services technology firm MA Operator has added a managed fund exchange platform to its offering.
The company announced the addition of uXchange to the platform this week, claiming that it would provide advisers with simple, low-cost access to managed funds for their clients, and provide an alternative to traditional wrap platforms.
Commenting on the development, MA Operator managing director, Shannon Bernasconi said uXchange addressed a number of issues facing advisers in the space and had the potential to save fees.
“Advisers moving away from platforms can save their clients a lot of money in fees while still easily including managed funds within their portfolios,” she said. “For advisers already off platform, uXchange offers the ability to scale their business by reducing manual effort and offering much more straight-through processing.”
Bernasconi said there was no ongoing fee associated with uXchange because it was transaction-based.
