Doug Morris
Sharesight has integrated with Desktop Broker, allowing advisers to have their clients’ trading data automatically synced to Sharesight’s portfolio tracker. By having Desktop Broker trades automatically populated in Sharesight, advisers can effortlessly track their clients’ investment performance, benefitting from Sharesight’s intraday price and performance data, plus automatic dividend tracking.
What is Desktop Broker?
Desktop Broker is an easy-to-use trading platform with a premium support service and access to research and investment opportunities from Bell Potter. Key features include:
- Peace of mind – Established in 2007, Desktop broker is part of ASX-listed Bell Financial Group (ASX: BFG)
- Better insights – You get exclusive access to Bell Potter research and daily market commentary
- Better adviser support – Tailored solutions to grow your business from a team who understand adviser businesses
- Flexible brokerage – Low-cost trade execution on desktop or mobile
- A proven platform solution – Over 4,500 advisers already use Desktop Broker for their investment decision support and trade executions.
Why has Sharesight connected to Desktop Broker?
“At Sharesight, not only do we help individual investors track their performance and make better investing decisions, but we also make it easier for professional investors to track their clients’ wealth by automatically recording their trading data and providing a consolidated view of their investments,” says Sharesight CEO, Doug Morris.
“With thousands of Australian advisers trading on behalf of their clients using Desktop Broker, it made sense for us to integrate our software to supply advisers with superior performance data while also saving them time on reporting.”
“This integration streamlines advisers’ workflow, enhancing their ability to serve clients efficiently. With the integration, we’re eliminating manual data entry, which reduces errors and frees up valuable time for advisers to focus on what matters most — providing strategic guidance to their clients. This underscores our commitment to innovation and delivering solutions that empower advisers”, says Martyn Johnston, Head of Partnerships at Desktop Broker.
Benefits for advisers
Comprehensive performance reporting: Sharesight shows the true picture of a portfolio’s performance by providing a total annualised return that takes into account the impact of capital gains, dividends, brokerage fees and foreign currency fluctuations. Advisers also gain access to a powerful suite of performance reports designed to help them make better investing decisions, including performance, diversity, exposure, contribution analysis, multi-period, multi-currency valuation, sold securities and future income.
Connect Sharesight and Xero
Sharesight’s software is linked with Xero to provide a seamless solution between portfolio management and portfolio accounting. When advisers connect Sharesight to Xero, details of share purchases, sales and dividends flow into Xero automatically, allowing them to be easily reconciled against bank statements and included in their clients’ overall wealth picture.
Never pay more than you need
With Sharesight, both advisers and their clients can enjoy the benefit of managing growing portfolios without incurring additional costs.