The wealth management software provider will oversee a structured pilot program with Ord Minnett’s most senior advisers who use an MDA offering for their ultra-high-net-worth clients.
The program will allow Ord Minnett to pilot WealthO2’s portfolio rebalancing and modelling software to create “significant efficiencies” across its wealth management channel.
“The program is a fantastic result which further validates our product strategy inclusive of both short- and long-term development priorities,” WealthO2’s head of product development, Hong Nguyen, said.
Andrew Whelan, acting chief executive of WealthO2 added: “This exciting pilot with Ord Minnett demonstrates our commitment to delivering meaningful efficiencies through customer-led technology innovation that puts advisers and their clients first.”
The news comes after WealthO2 confirmed the departure of CEO Shannon Bernasconi last week.
