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Wealth

Financial institutions will be forced to invest more heavily in technology to compete as smaller wealth managers tie up with tech providers, a mergers and acquisitions consultant has predicted.

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Software provider AdviserLogic has launched its 'licensee console' and 'licensee CRMl tools', which it says will assist AFSL holders deliver services more effectively.

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Lonsec Stockbroking has unveiled FrontOffice, a cloud-based practice management tool developed in collaboration with GBST, it says will provide “a complete solution to manage whole-of-client net wealth”.

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Hub24 managing director Andrew Alcock said there are advisers who are holding onto multiple technology platforms for “legacy reasons” which is in turn meaning less efficiency for their business.

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An Australian online asset allocation tool has been recognised as one of the ‘50 Best Fintech Innovators’ in the world in a new global ranking, while a US-based 'robo-adviser' took out top spot.

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