Financial services company Skandia has launched an online service through its platform, which will provide advisers with all-in-one client portfolio reports.
The service - called assetwrapper - will allow advisers to combine their clients' investments across Skandia's managed funds, Australian listed funds, Australian Securities Exchange (ASX)-listed securities and other assets, such as properties, collectables and cash, into consolidated reports.
Research house Morningstar will provide direct feeds to ensure the value of clients' ASX-listed securities and managed funds are updated automatically.
The service was created to help advisers streamline administrative processes so they could focus on clients' investment needs, Skandia general manager of marketing, product and strategy Felicity Nicholson said.
