WealthO2 teams with stockbroking and advice firm for pilot program

The wealth management software provider will oversee a structured pilot program with Ord Minnett’s most senior advisers who use an MDA offering for their ultra high net worth clients.

The program will allow Ord Minnett to pilot WealthO2’s portfolio rebalancing and modelling software to create “significant efficiencies” across its wealth management channel.

“The program is a fantastic result which further validates our product strategy inclusive of both short- and long-term development priorities,” WealthO2’s head of product development, Hong Nguyen, said.

Andrew Whelan, acting chief executive officer of WealthO2 added: “This exciting pilot with Ord Minnett demonstrates our commitment to delivering meaningful efficiencies through customer-led technology innovation that puts advisers and their clients first.”

The news comes after WealthO2 confirmed the departure of CEO Shannon Bernasconi last week.

Neil Griffiths

Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily.

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Neil is also the host of the ifa show podcast.