Software house getting investment data feeds directly
Financial planning software house AdviserLogic has announced it now directly receives 26 investment data feeds covering over 200 platforms.
It said the move has enhanced timeliness and quality of data as the company no longer has to deal with an intermediary.
"Our attitude is that if the platform has an existing data delivery method and any one of our advisers want it, we will gladly make the integration happen through our enhanced data feed framework which can construe and process data irrespective of type or delivery method," AdviserLogic head of product development Daniel Gara said.
The software's daily reconciliation process means it has data accuracy of more than 99.99 per cent, meaning users can generate investment reporting and advice documents without having to double-check data.
"Direct access to the source of the data has also enabled users to obtain more data points, including fee data, which is important in the prevailing FOFA environment," Gara said.
AdviserLogic said it was working with new platforms including insurance companies to make data feed processes efficient and would be releasing information on the developments shortly.
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