Supercorp takes SuperViser II to market
Technology firmSupercorphas launched an administration system called SuperVisor II, which it developed in conjunction with boutique dealer groupFiducian Group, to a wider audience.
Fiducian has been using the system for the past nine months, but Supercorp is ready to release the product to a wider client base in the financial services industry - which it believes to be “hungry” for up-to-date software.
“Many existing wrap and master trust providers are looking to replace old technology, or want to stop outsourcing administration procedures to manage them internally,” Supercorp business development manager Andrew Hamilton says.
Many administration systems being used in the market are conglomerations of several different systems, and some providers will look to replace these with a single functioning system, Hamilton says.
SuperVisor II will be sold in modules, but the total system includes superannuation and corporate superannuation, wrap and master trust administration, unit registries and personal portfolios, or individually managed accounts.
It is also web-enabled to include online reporting and portfolio management.
Supercorp entered the financial services technology market 14 years ago with a superannuation administrative platform, but last year looked to develop a funds management product by working with Fiducian to develop this latest product offering.
Recommended for you
The top five licensees are demonstrating a “strong recovery” from losses in the first half of the year, and the gap is narrowing between their respective adviser numbers.
With many advisers preparing to retire or sell up, business advisory firm Business Health believes advisers need to take a proactive approach to informing their clients of succession plans.
Retirement commentators have flagged that almost a third of Australians over 50 are unprepared for the longevity of retirement and are falling behind APAC peers in their preparations and advice engagement.
As private markets continue to garner investor interest, Netwealth’s series of private market reports have revealed how much advisers and wealth managers are allocating, as well as a growing attraction to evergreen funds.
