Macquarie sells institutional software licence, renames planner software
Macquarie has renamed the COIN Official financial planning software as Macquarie Visor in a bid to focus on the independent financial adviser (IFA) market, it said.
The company has also sold the COIN software's institutional licence to Rubik Financial, while Macquarie will retain ownership and continue to manage the IFA software offering.
Macquarie released version 3.9 of the COIN software last month, which included an expanded research offering and integrated a Mercer Investments feed to complement research feeds from van Eyk, Lonsec and Morningstar.
Version 4 is expected to be released later this year and will focus on a number of FOFA-related enhancements as well as mobile and online access to its most popular features.
Kirk Pitman, head of Macquarie financial planning software, said Macquarie was working to understand the specific challenges faced by IFAs and provide appropriate software solutions.
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
