Fintech company Fincast has launched a new application aimed at providing financial advisers with access to institutional fund management and portfolio-building capabilities.
The application introduced by Fincast enables advisers to construct and manage portfolios using an institutional-grade portfolio management framework, a statement issued by the company said.
Fincast co-founder and managing director Andrew Connors said: “For the first time in Australia, Fincast’s applications are giving financial advisers access to the same tools and capabilities as global fund managers.
“We believe it is game-changing for the industry, and is likely why we have been overwhelmed by the interest in our applications, both in Australia and from offshore,” said Mr Connors.
The Software as a Service (SaaS) application is designed around investment forecasting algorithms based on research by Vanguard founder John Bogle, the statement said.
Fincast, which is a Stone & Chalk resident, said it will launch two additional applications in the first quarter of 2016.
The company said the apps are designed to increase engagement between advisers and their clients.
Fincast is also set to launch a “lower cost/lower touch” app for advisers looking to reach the 80 per cent of Australians who don’t currently receive advice.