Coin software integration at MLC, Macquarie
Coin Software has further integrated its technology suite with MLC MasterKey, Macquarie Life and Macquarie Cash Management Trust, providing more time efficient solutions to financial advisers using the software.
Coin users will now be able to open accounts with MLC through an online process that eliminates the need for paperwork, according to Coin managing director Darelle Jenkins.
“Making day-to-day activities easier and more time efficient for financial advisers remains at the very core of what Coin is all about,” Jenkins said.
“Therefore, integrating these popular solutions makes sense, because it will save time and lessen the administrative burden for advisers.”
She said that with the popularity of the Macquarie Cash Management Trust and the MLC platforms, further integrating these offerings with Coin Office will make advisers’ lives easier.
“They can receive automatic updates of client portfolios through the interface with MLC, avoiding the need to manually download and import files.
“Individual accounts can be refreshed instantly with new information, saving considerable time for financial advisers and their support staff.”
Recommended for you
At the halfway point of the year, consolidation pressures continue to drive financial services M&A with three areas identified as targets for asset and wealth managers, according to PwC’s mid-year outlook.
With advisers expressing a reluctance to invest in cryptocurrency, advised clients are tending to have a smaller allocation to the asset than their unadvised peers.
After surviving significant evolutions of the Australian financial advice industry, The Advisers Association is now celebrating a century of advocating for advisers.
ASIC is calling on licensees to review their client onboarding practices to avoid vulnerabilities associated with share sale fraud, noting particular concerns in the use of white labelling services.
