OpenMarkets expands network with integration

According to a statement, the integration lets advisers access client transactions and holding information directly from Xplan.

This removes the need for advisers to key in the data themselves, and is part of an overall drive to bring greater efficiency to users, the statement said.

OpenMarkets chief executive Rick Klink said the Xplan development is a natural evolution.

"Today we have the technology to remove this redundancy and OpenMarkets will continue to integrate with other leading software providers," Mr Kink said.

"It solves one of the most common issues experienced by advisers – the duplications and double-keying of data between platforms."

OpenMarkets also currently provides data feeds to Class Super, Sharesight, Praemium and Adviser Logic.