Colonial First State (CFS) has partnered with technology provider IRESS to use IRESS Portfolio System technology on the finance company’s FirstWrap platform.
IRESS’s software will provide the back-end technology for CFS’s managed accounts solution once it has been integrated into the wrap platform.
CFS acting executive general manager Peter Chun said the integration of the new software was intended to meet the “fast changing” needs of advisers.
“Our approach is to use best-of-breed technology on the services we provide to advisers to meet their evolving needs, not just in managed accounts but in the broader context of running a platform,” he said.
“As one of the largest platform houses in Australia with adviser and investor feedback consistently telling us they are very satisfied, we went out and sourced the best in class capability around managed account technology.”
CFS said the IRESS software would be available through FirstWrap from 2017.