Class has announced it has partnered with MA Operator, a new managed account and direct client portfolio services fintech firm, which will deliver new efficiencies and sophistication for financial advisers.
Class users can securely and instantly automate client data entry and synchronise transactions in MA Operator, further increasing the efficiencies already offered by the fintech firm and reducing the cost and effort of administration, on-boarding and ongoing service obligations of monitoring and managing client portfolios.
MA Operator also provides sophisticated rebalancing, analytics and automated record of advice generation.
These features, combined with Class’s administration and reporting capabilities, will help advisers to deliver more efficient and sophisticated advice.
“MA Operator has the goal of bringing a whole new level of efficiency to the managed account industry by automating the complete workflow for financial advisers,” Class chief executive Kevin Bungard said.
“We’re excited to be working with MA Operator to assist our users with increasing profitability and delivering better client service.”
MA Operator co-founder Shannon Bernasconi said as well as removing inefficiencies in the industry, the firm wanted to give advisers more power to construct portfolios that would demonstrate real value to their clients.
“Our partnership with Class, a leader in innovative administration software solutions, supports this ambition,” Bernasconi said.
