Sundaram launches planner services offering
Business process outsourcing specialist Sundaram Business Services has announced a new offering it says is aimed at freeing up financial planners and dealer groups from administrative work.
The new offering is based on the delivery of portfolio administration, transcription and para-planning services.
Announcing the new offering ahead of the SMSF Professionals' Association of Australia (SPAA) conference in Melbourne, Sundaram global head of business development Harish Rao said advisers spent considerable time on internal administrative work — and his company's service aimed to cut down on this time.
Rao said the service included daily updating of financial planning software such as XPlan and Coin, and back-office support for the preparation of Statements of Advice.
Recommended for you
Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from a rogue algorithm.
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.
Australian investors are more confident than their APAC peers in reaching their financial goals and are targeting annual gains of more than 10 per cent, according to Fidelity International.
Zenith Investment Partners has lost its head of portfolio solutions Steven Tang after 17 years with the firm, the latest in a series of senior exits from the research house.
