CapitalRoad,, MDA provider, cloud software, Australian fintech,

The deal will see CapitalRoad implement a new user interface and middle office solution for, with implementation expected to be completed by 30 September 2017.

The new solution will replace the company’s proprietary software, and chief executive David Heather said it would have “major benefits for advisory firms, wealth managers, advisers and their clients”.

“This market-leading smart technology will transform the way advisers manage their business and communicate with their clients,” Mr Heather said.

“It will not only deliver better management reporting and simplify the presentation of data to their clients, the technology will also drive internal efficiencies within an advisers practice.”

CapitalRoad chief executive Marshall Stephen said “the gap between financial services and technology has to be seamless” to ensure clients and advisers make the best decisions regarding their wealth.

“A modern, clean design, when combined with powerful middle and front office improvements, is a proven way to improve adviser efficiency and bolster client engagement,” he said.