Midwinter Financial Services integrates with Class
Australian financial advice technology provider Midwinter Financial Services has announced its integration with Class, a provider of cloud software for administration and reporting of self-managed super fund (SMSF) and non-super investment portfolios.
The integration will allow users of both Midwinter’s AdviceOS and Class to sync and replicate portfolios from Class into Midwinter’s AdviceOS and allows users to update portfolio balances in AdviceOS overnight.
The integration also allows for Class funds to be prepopulated, updated and used throughout AdviceOS like a normal portfolio, the two firms said in a statement.
Class said the integration marks another significant development in its strategy to support advisers in the efficient delivery of advice, enabling effective collaboration across advisers, accountants and their clients.
The integration requires very little manual set-up or training, the firms said, with users able to begin utilising the joint solution immediately after it has been activated.
“We’re delighted to further expand our open technology ecosystem to include Class – a firm which we believe to be a significant and trusted player in the SMSF technology space,” said Midwinter executive director and chief technology officer, Andrew McClelland.
“By undertaking this partnership, we are further opening up the suite of choice for advisers when it comes to picking their tech stack – which at the end of the day, should be the focus of the future within financial planning technology.”
Strategic Alliances director at Class, Glenn Poynton, said a key component of his firm’s roadmap is the delivery of further support for advisers and this integration is a great example of using best practice technology integration to help advisers drive greater business efficiencies, reduce costs and boost client service levels.
Recommended for you
Financial Services Council chief executive, Blake Briggs, is urging Minister for Financial Services, Stephen Jones, to take advantage of the QAR opportunity to reduce regulatory duplication and ensure advice is affordable.
Former chair of the House of Representatives’ Standing Economics Committee, Tim Wilson, is planning a return to politics after losing his seat in the 2022 federal election.
Morningstar is going to offer research ratings of funds in the $3.5 trillion superannuation sector for the first time in response to demand from financial advisers.
Treasurer Jim Chalmers has opened a consultation into the design of the annual superannuation performance test, canvassing views on a range of reform options.