DDH Graham streamlines information flow

Robert Corben

InvestmentLink has added another financial services firm to its list of clients after Brisbane-based DDH Graham signed up to disseminate its client account information via the technology provider’s e-Portfolio data service.

The deal means that all advisers who use DDH Graham’s products will have access via the Internet to daily updates of client account status and activity.

This data will be available to advisers associated with DDH Graham irrespective of the financial planning software they use to help manage their practice, and whether or not the adviser uses InvestmentLink.

“We’ve seen the demand from our advisers for the electronic supply of client account information increase over the past year,” InvestmentLink head of advice distribution Robert Corben said.

The main drivers of this trend according to Corben is the speed at which the information is able to be delivered to the market, and the cost effective nature of these arrangements when compared to fund managers developing and maintaining internal systems themselves to perform the same types of functions.

“We are seeing very strong demand in the financial services industry for shared e-commerce solutions. The management and distribution of client data is one of the significant headaches experienced throughout the wealth management sector by both product suppliers and the advisers who need the information,” he observed.

Corben cited the ability of financial services organisations to concentrate on their core business responsibilities as an added advantage of deals like this.

DDH Graham joins a growing list of financial services companies using e-Portfolio services that includes AMP and Hillross, ABN Amro Morgans, Count Wealth Accountants, Godfrey Pembroke, RetireInvest, and the Securitor Group.