MyFiduciary, JHC announce partnership
MyFiduciary and JHC Systems have announced a partnership to allow firms across Australia and New Zealand to access JHC Neon, a digital risk, monitoring and analytics dashboard.
The partnership followed increased regulatory focus on portfolio monitoring and risk controls, and would allow advice firms to access the best practice standards required to clear the regulatory bar.
Director of MyFiduciary, Aaron Drew, said Neon would provide a flexible and automated portfolio analytics solution to help clients face the increasing compliance burdens around portfolio management.
“This capability is hard to come by but seeing what Neon has delivered to wealth and asset managers in the UK, Europe and Middle East, we knew it would be the ideal fit for our part of the world,” he said.
Chief revenue officer of JHC, Ed Lopez, said as demand for the fintech continued to grow, the firm had extended their partner programme to ensure agreements were in place to support global demand with local, on-the-ground expertise.
“The size of the Australian and New Zealand asset management space is well known, and while there are clear overlaps with UK, European and US regulations for financial services participants, it was important to commit to the region with a proven and recognized local partner who shares our values and focus,” he said.
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