Industry leading superannuation and investment software provider, Financial Synergy announces another successful implementation of its specialist platform, Acurity, with new client ClearView Wealth Limited (ClearView, ASX: CVW).
ClearView, an integrated wealth management and life insurance company, were looking to enter the mid-market super space as a complement to their existing wealth and life insurance products. Seeking to deliver a solution that is fully managed and easy to use for both members and advisers, ClearView has gone live with the Financial Synergy Acurity platform to deliver WealthFoundations, an innovative product that is entirely transparent for its members and their advisers.
Members can now safely and securely access and manage their accounts online in real-time as well as view important correspondence relating to their account. Advisers have the ability to instantly manage financial transactions and monitor and control client portfolios online as well as being able to access the information required to effectively review and service their clients. The use of implemented model portfolios provides members and advisers transparency of portfolios whilst still enabling efficient and experienced investment management.
For Tony Thomas, General Manager, Operations and IT at ClearView, the highly agile implementation was a standout success: “We were very happy with the implementation of the Acurity platform. We were trying to get to market in a very aggressive timeframe with some cutting edge and first-to-market features. Without the commitment and support of Financial Synergy we would not have been able to achieve this outcome.”
He continued: “One of the most important things was being able to work closely with the Acurity team to deliver the platform and products on time and to the high standards we were looking for. In addition, we needed a system that we could rely on to keep pace with the ever growing changes in the regulatory regime and deliver a solution to both members and advisers that is user friendly and efficient to use.”
The Australian-developed Acurity platform Member Online, Adviser Online and Core Registry components were implemented in less than a year and enabled a fully operational new wealth management platform for the ClearView WealthFoundations Super and Pension product.
This new Straight Through Processing-based system will also support ClearView’s wealth product team to better manage the administration needs of contributions, accounting, financial reporting as well as compliance reporting to agencies including the Australian Taxation Office and Centrelink.
The Acurity platform is able to support a wide range of super and non-super product types including managed account and defined rule style offerings. This flexibility ensures that ClearView has the appropriate infrastructure in place to migrate products from existing platforms, plus develop new products in the future, in a user-friendly environment for clients, advisers and administrators.
Financial Synergy CEO, Stephen Mackley highlighted the proven implementation skills of the Financial Synergy development and implementation teams. “Financial Synergy enabled ClearView to bring to market an innovative solution for its members and advisers quickly, easily and most importantly in a competitive fashion. This implementation is one that we are particularly proud of due to the excellent outcomes, timeframes and results we produced as a unified team.”
Source: ClearView
