Russell partners with IRESS to improve client communication
Financial advisers get direct access to client information via IRESS software
21 August 2008 –Russell Investments went ‘live’ today with IRESS data feeds to assist with improving communication of client data to advisers. Financial advisers will now have access to client data on their own desktop via IRESS software Xplan and VisiPlan, and can access client details such as transactions, unit holdings and prices, portfolio updates, and timely taxation reports.
To date, financial advisers have had limited internet access to client investment information at Russell Investments. The new process will not only improve communication of client data to advisers, it will also enhance the flow of data and increase business reporting information.
Andrew Jago, Queensland State Manager, Russell Investments said: “We expect this new process to make life much easier for advisers who deal with Russell directly, rather than via platforms. Advisers will now have an array of information available to them on a client-by-client basis and can more readily consolidate client information. Information will also now be literally available at the fingertips of advisers, which will allow them to have more time to focus on their clients.”
Russell Investments is among a growing list of fund managers in Australia to provide full data feeds to IRESS. Financial advisers who use Xplan or VisiPlan will benefit from the administrative advantages it provides for those clients who have invested directly with Russell, for example via self managed superannuation funds.
“The data feeds from Russell will help bridge the gap of administration between investors and their advisers. Investors rely on our global investment capability to help improve their long term financial security – adding to this, their advisers now benefit from a significantly improved administration load from client portfolios,” Mr Jago said.
A large number of adviser dealer groups have already implemented Xplan or VisiPlan software into their process workflow. The high adoption rate has seen a number of platforms and fund managers provide data feeds to advisers through this software. Client information from Russell will be imported from the Russell Private Series wholesale investment, superannuation and active pension funds.
For more information about IRESS software, please visit www.iress.com.au
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