WealthO2

WealthO2

by WealthO2

 

WealthO2 launched in 2016 and has since brought automation to compliance, execution processing, broker data connectivity, rebalancing and sophisticated performance and analytics. They also opened up trading managed funds allowing this to slot into existing workflows at lower costs. Superannuation is their latest member offering - the personalisation, transparency and flexibility of an SMSF for a lower cost and helping advisers and clients work together to choose a mix of assets that meet investor goals.

To integrate WealthO2 into myprosperity means streamlining client information into the client portal for transparency, and the most up to date, consolidated data. Once linked, the client portal will import clients’ portfolio information and/or super balances. A read only view of the clients’ holdings, transactions and details will also be displayed. The integration ensures the data is synced regularly to keep the client file accurate with the investment platform.

A one way sync of information from WealthO2 to myprosperity means a single source of truth for clients to keep track of their wealth, and advisers avoid double handling of data. Advisers are better informed and equipped to keep their clients safe from potential financial risk with consolidated data into one easy to use platform.

Login to the myprosperity client portal. From the menu, navigate to Configure > Integrations, and select WealthO2. Read the instructions, send the required email to admin@wealtho2.com.au, then go to the setup and add your Adviser IDs. It takes just a few seconds to complete the set up. How do I set up WealthO2 Integration?

XPlore Wealth

XPlore Wealth

Xplore Wealth is an investment platform that supports financial professionals to manage and grow their clients’ wealth with confidence. Xplore Wealth has wrap and super solutions, MDA solutions and Broking solutions with deep industry expertise to give choice and confidence to its users. Xplore Wealth Limited was officially acquired by Hub24.

To integrate Xplore Wealth into myprosperity means streamlining client wealth information into the client portal for transparency, and the most up to date, consolidated data. Once linked, the client portal will import clients’ portfolio information and/or super balances. A read only view of the clients’ holdings, transactions and details will also be displayed. The integration ensures the data is synced regularly to keep the client file accurate with the investment platform.

A one way sync of information from Xplore Wealth to myprosperity means a single source of truth for clients to keep track of their wealth, and advisers avoid double handling of data. Advisers are better informed and equipped to keep their clients safe from potential financial risk with consolidated data into one easy to use platform.

Login to the myprosperity client portal. From the menu, navigate to Configure > Integrations and select Xplore Wealth. Read the instructions and send an email to adviser.service@managedaccounts.com.au to request the data feeds to myprosperity. Then go to the setup and follow the prompts, it takes just a few seconds to complete the setup. How do I set up my Xplore Wealth Integration?

Meet The Team: Scott Bridger

In the latest instalment of our Meet the Team series, we sat down with our newly appointed Account Manager in Sales, Scott Bridger, to find out his interests, pet peeves and top trends to look out for.

 

I’m a pretty normal guy to be honest (at least I think I am), I travel when I can, I run a lot I play and watch football and cricket, I attempt to surf and play drums and I’m learning to speak Mandarin. I’m from Queensland originally – I moved down to Melbourne 3 years ago. I and try to get out as much as I can to experience the bars and cafe culture everyone in Melbourne’s always talking about, and I spend most of my spare time with friends either at Edinburgh Gardens, the Fitzroy Pool or the Lord Newry (my local).

 

I’d say the top trend in the accounting and financial planning industry is the movement away from the preparation of tax returns/accounts and reporting investment returns to providing more holistic strategic advice (such as how to improve tax flow, reduce tax and generally run a business better) as well as what asset allocation is appropriate to a person or families risk profile. For financial planners, a move completely away from product based revenue to fees (not necessarily time based but value added) and from selling investments/insurance to strategic advice seems to be trending.

In my opinion, the most overrated trend is the thought that increased regulation will result in a better service to clients. Obviously in certain cases additional oversight is required, however it’s important to bear in mind this won’t necessarily improve outcomes for clients.

I have an extensive list of allergies ranging from severe to not so severe so I go through life trying not to make enemies, I would be pretty easy to kill.

  • Biggest pet peeve? Slow walkers and bad drivers, Melbourne has plenty of both.
  • Favourite sport? Burleigh Heads, Gold Coast. Great waves, good weather, and footwear is not required.
  • Favourite food?  Philly cheesesteaks!

I’m excited to see how the skills I’ve attained and developed over the years translate to dealing with partners in the financial planning and accounting industries, and possibly bring a different point of view due to my experience of having worked in different industries.