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".
AUTHOR
Hope William-Smith
Recommended for you
ASIC has banned two advisers from the same advice firm for giving clients inappropriate superannuation advice that was not in their best interests.
AMP has unveiled enhancements to its digital advice platform, now offering personalised investment and contribution advice as it seeks to take a “market leading position” in the space.
A former Platinum investment specialist has joined Atrium, the multi-asset investment management arm of Fitzpatricks Financial Group.
Stockbrokers and Investment Advisers Association chief executive, Judith Fox, is set to retire at the end of this year.
