Midwinter partners with Merit Wealth Financial Services

technology fintech

21 August 2015
| By Daniel Paperny |
image
image
expand image

Merit Wealth Financial Services is the latest client to partner with Midwinter and implement its AdviceOS software, with plans to roll out the cloud-based platform on 30 August.

The software agreement is a key milestone for Midwinter, who announced an agreement with State Super Financial Services to deploy its Advice OS platform earlier this month.

Director of Merit Wealth, Garth McNally, said that the firm saw the universal use of AdviceOS across its adviser network as a key step towards optimising their advice generation process and simplifying reporting procedures.

"The adoption of AdviceOS is an essential part of our investment and commitment to the accounting profession and the transition to limited licensing," McNally said.

"We explored a number of technologies but chose AdviceOS as it simplifies the administration function of managing multiple dealers, referrers and clients … allow[ing] for an easy audit trail."

McNally said that Merit Wealth has "rapidly upscaled" its operations in response to the growing demand for its limited licensing offerings to accounting firms.

The software partnership agreement is seen as a key component of Merit Wealth's strategy, with AdviceOS providing Merit Wealth's network of advisers and accountants with a streamlined solution geared at increasing productivity, practice efficiencies and enhancing overall client service activities, McNally said.

Midwinter's managing director, Julian Plummer, said the partnership allowed Midwinter to build on the success of its AdviceOS platform by helping Merit Wealth proactively manage the provision of advice from a licensee perspective in real-time.

"We have come from an advice modelling background and we have developed the [AdviceOS] software so that we can have the full end-to-end solution," Plummer said.

"We are delighted to be partnering with Merit Wealth, providing them with tools which will allow them to enter the future of financial advice confidently and seamlessly."

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

JOHN GILLIES

tHOSE 989 WHO ARE CEASED WILL GO ON TO LIVE A LONG AND HEALTHY LIFE JG...

4 days 13 hours ago
Chris Cornish

What a sticth-up. Looks like Labor Senator Jess Walsh follows Stephen Jones who follows what the industry super funds ...

4 days 10 hours ago
Peter Swan

This report is a blatant display of far-left factional partisanship, treating superannuation funds as state property and...

4 days 11 hours ago

ASIC has cancelled the AFS licence of a Sydney wealth firm, the fifth Sydney firm to see a cancellation since the start of the year....

2 weeks 5 days ago

More than 20 winners from the funds management industry have been crowned at this year’s awards....

1 week 5 days ago

ASIC has obtained interim orders from the Federal Court to freeze the assets of a registered managed fund and prevent its former director from leaving Australia. ...

6 days 10 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND