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AZ NGA platform tender escalates ‘data war’

AZ NGA platform tender escalates ‘data war’

Paul Barrett’s AZ NGA is close to completing an RFP process which will give the $38 billion advice aggregator near unprecedented control over client data and functions including cash management. The tender - in which at least two major platform providers are participating - could disrupt the economics of Australian wealth management and spark the advent of cheaper, US-style custody for advisers.

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