Wealthtrac launches Wrap App
Platform and wrap provider Wealthtrac has sought to meet the growing use of mobile devices with the launch of a sharable App which it says will allow members of its wrap product to monitor their super on their phone or mobile device.
Wealthtrac chief executive, Matt Johnson confirmed the company's intentions saying figures compiled by the federal government's Australian Media and Communications Authority showed that, as at May 2014, 12.07 million Australians owned a smart phone.
"You only have to catch a bus or a train in a capital city to realise its not just Facebook, Twitter and Instagram that people 'on the go' are accessing on their phone - they are also monitoring and managing their financial affairs," he said.
Johnson said Wealthtrac's new Wrap shareable App would provide direct access to members' own account to monitor daily performance, access product disclosure statements, get the latest industry news, register for direct share research, find their nearest adviser and access useful education documents.
"Using Wealthtrac's 'sister' SMSF shareable App, launched last year, members can set up an SMSF, transfer assets to their fund and access information on SMSF borrowing," he said.
Johnson said Wealthtrac partnered with Shareable Apps to build their applications
Recommended for you
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.
