Client data goes live
IRESS has launched its improved transactional data feeds system that improves communication of client data between advisers and fund managers.
Russell Investments has announced it has gone live with the new communication system which will allow financial advisers to have access to client data on their own desktop via IRESS software Xplan and VisiPlan, and can access client details such as transactions, unit holdings and prices, portfolio updates, and timely taxation reports.
Russell Investments Queensland state manager Andrew Jago said to date financial advisers have had limited access to client investment information at Russell Investments and other fund managers.
The new process will improve communication of client data to advisers and also enhance the flow of data, increaing business reporting information.
“We expect this new process to make life much easier for advisers who deal with Russell directly, rather than via platforms. Advisers will now have an array of information available to them on a client-by-client basis and can more readily consolidate client information,” he said.
“Information will also now be literally available at the fingertips of advisers, which will allow them to have more time to focus on their clients.”
According to Jago, the data feeds from Russell will help bridge the gap of administration between investors and their advisers.
“Investors rely on our global investment capability to help improve their long term financial security- adding to this, their advisers now benefit from a significantly improved administration load from client portfolios,” Jago said.
Recommended for you
The profession is up by almost 200 advisers for the new financial year, with August continuing the consistent weekly positive gains.
WT Financial has announced its second “Hubco” with a combined valuation of $7.8 million, while its first one has successfully incorporated and is now making its own acquisitions.
The Australian Wealth Advisors Group has entered into a joint venture with a Melbourne financial services firm to launch a wealth manager.
Remediation and litigation costs have led AMP to announce a reduced statutory net profit after tax of $98 million for the first half of 2025.
