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
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.
