Midwinter software aligns with North
Financial planning software provider Midwinter has released a new version of its Reasonable Basis software, which is aligned with recent changes to AXA’s North platform.
The new AXA North product now has eight administration fee tiering levels with discounts to the administration fee based on certain investment options selected.
According to Midwinter director for strategy and technical services, Matthew Esler, the new fee structure made the North platform a much more complex product for advisers to model.
Esler said AXA North product fees and features were already loaded into Reasonable Basis 3.12, allowing for an automatic calculation of administration fee discounts – a process that he said would take a lot longer if done manually.
Reasonable Basis 3.12 will be available to existing customers by the end of April.
Recommended for you
The Compensation Scheme of Last Resort has released the FY26 revised levy estimate, but the FAAA is concerned costs will be pushed into the following year.
Former Iress chief executive, Andrew Walsh, has been promoted to chair of a boutique Sydney advisory firm, having stepped down from the same position at Mason Stevens.
Results are out for the latest sitting of the ASIC financial advice exam, with the pass rate falling for the second consecutive sitting.
The finalists for the 2025 Australian Wealth Management Awards have been revealed, shining a spotlight on the top performers and rising stars across the nation’s wealth sector.
