If policy-makers legislate annual opt-ins for Ongoing Service Agreements they should mitigate the extra work for advisers by folding Financial Disclosure Statements into a combined document, says Xplore Wealth chief executive Michael Wright.
Platform provider Xplore Wealth saw roughly two to three times its normal level of trading in March, as investment managers repositioned their portfolios for the coronavirus crisis.
US investment management software provider SS&C has been awarded a mandate to manage the wealth management platform of a local third-party investment administrator.
Extreme market volatility has left many portfolios in need of some rebalancing but investors should be cautious of their timing while volatility remains high, according to Xplore Wealth chief executive Michael Wright.
J.P. Morgan has won a mandate to provide custodial services to an ASX-listed platform and superannuation provider.In a quarterly business update, Xplore Wealth revealed it has a new custodial agreement contract with J.P. Morgan.