Class, the developer of Class Super and Class Portfolio, has announced a new integration with Financial Simplicity, the firm that powers safe, reliable and scalable portfolio compliance and modelling.
The new integration allows wealth advisers to receive a data feed of portfolio assets from Class directly into Financial Simplicity for SMSFs and other investment portfolios. With Financial Simplicity, wealth advisers can then deliver highly personalised portfolio experiences, profitably, safely and with scale.
Using sophisticated portfolio intelligence methods, which show a compliance summary of a firm’s entire set of portfolios on a single screen, the Financial Simplicity framework continually assesses whether each portfolio is in line with the firm’s investment policies overlaid with the investor’s rules, preferences and constraints, and whether rebalancing the portfolio is appropriate.
The combination of Class’ administration and reporting capabilities, combined with Financial Simplicity’s portfolio compliance and modelling expertise, delivers significant business efficiencies and service advantage to wealth advisory firms showing that it is not only possible, but can be very profitable to deliver investor centric portfolio services to their clients.
Kevin Bungard, CEO of Class, comments: “Financial Simplicity is leading the way with an innovative portfolio compliance and modelling framework. The integration with Class will help wealth advisers deliver successfully and profitably on their service proposition.”
Stuart Holdsworth, CEO of Financial Simplicity adds: “In the age of the digital revolution that we live in, it is increasingly important that wealth advisers provide continuous and comprehensive counsel on their client investment portfolios to maintain a professional standing, and the combination of Class and Financial Simplicity brings our respective capabilities together to provide this uniquely to the market”.
