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Fincast launches institutional-grade portfolio app for advisers

Fincast launches institutional-grade portfolio app for advisers

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By tlewis ·
December 14 2015

Fincast launches institutional-grade portfolio app for advisers

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.

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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.

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