Wealth

A listed wealth management provider has launched a new responsible entity solution for advice groups wishing to implement managed accounts through its platform.

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Refinitiv has partnered with a boutique private wealth firm to provide a customised open data platform, aiming to deliver solutions for the company’s high-net-worth client base.

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Three fintechs have joined forces to develop a wealth platform for the Australian market, with a former Citi banker having signed on as its chief.

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A fintech company has purchased the intellectual property of an advice technology firm that was put into administration earlier this month, and will “re-hire key staff” who were made redundant.

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Licensees and platform providers have teamed up to define an industry standard approach for managing new requirements under the incoming advice fee consent legislation, with one advice group reporting the new laws will give it an additional 50,000 hours of non-client facing work.

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