Lonsec reveals plans to develop former van Eyk technology
Lonsec says it is almost ready to unveil its enhancements to the former van Eyk iRate technology offering, which it purchased from the troubled research house's liquidators six weeks ago.
The handover is now complete, according to Lonsec, which said it would roll out a "major update" soon.
The update, iRate version 5, will feature portfolio construction functionality for all users, Lonsec said.
The technology currently has around 2800 users, spanning financial planners and licensees, with its core offering its portfolio construction capability.
Recommended for you
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
In the run-up to heavy losses expected at the end of the financial year, June has already reported consecutive weeks of adviser losses.
ASIC has banned a former NSW adviser from providing advice for 10 years for investing at least $14.8 million into a cryptocurrency-based scam.
ASIC has sent warning notices to social media finfluencers who it suspects are providing unlicensed financial advice to Australians as part of a global crackdown by international regulators.
