​Chris Ridd (Left) ​with Doug Morris.

Leading wealth portal myprosperity has announced a partnership with premier share portfolio tracker, Sharesight. Clients who use Sharesight to track their investments will now be able to view them from within their myprosperity wealth portal.

The direct integration of Sharesight portfolio data within myprosperity is the latest milestone in the company’s ambitious journey to create a comprehensive shared data platform for accountants, advisers, and consumers.

Chris Ridd, CEO of myprosperity, said “Sharesight tracks over AUD $10Bn worth of investments and are one of the leading share portfolio trackers in Australia. myprosperity clients have more than $80M in shares which they’ve entered into their wealth portals. This partnership with Sharesight is another step towards giving Australians a full view of their wealth portfolio and empowering their accountants and advisers to provide insightful advice powered by live data.”

myprosperity’s white-label, personal wealth portal provides a consolidated, real-time view of a client’s entire financial world, thanks to live integrations with leading financial services providers. Available on desktop and via mobile app, accountants and financial planners grant access to their clients on a subscription basis.

Doug Morris, CEO of Sharesight, added “We are excited by this partnership with myprosperity. Financial professionals are seeking line of sight across their clients’ investment portfolios and this integration showcases the technical capabilities of our API. Marketplace as a concept – to integrate the best services for the best in class functionality – will lay the foundations of open banking and act as an example of what the future could look like. We welcome myprosperity’s clients onto the Sharesightplatform.”

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Chris Ridd

myprosperity, Australia’s leading personal wealth portal, is partnering with Australian estate planning firm, View Legal to provide free, standard wills.

A personal wealth portal, myprosperity is a white-label desktop and mobile app that advisers and accountants can enable for their clients. The platform provides a consolidated, real-time view of a client’s entire financial world, thanks to live integrations with leading financial services providers.

When enabled by an adviser, myprosperity’s estate planning functionality will allow a client to generate a standard View Legal will and automatically populate the relevant data from their personal wealth portal, including all their assets and liabilities. This legally binding will is then stored on myprosperity, delivering greater utility through the portal.

Chris Ridd, CEO of myprosperity, said of the partnership “It’s estimated that nearly 50% of Australians will die without a will, and our own data shows that over 70% of myprosperity clients do not have an up-to-date will. Yet predictions say $2.4 trillion in wealth will be passed on over the next three decades.”

Ridd continued “View Legal are recognised experts in estate planning and their standard will is miles ahead of any equivalent that can be found commercially. By leveraging their expertise to provide a standard, pre-populated will, we’re helping our clients to achieve peace of mind and taking our first step towards redefining estate planning.”

Matthew Burgess, Founder of View Legal, said “Estate planning and wills especially haven’t changed much in the last hundred years. View Legal has a history of leveraging technology to solve complex legal issues like estate planning. Together with our technology partner, NowInfinity we’ve designed a technology solution that will break down some of the traditional barriers of entry that have resulted in so many Australians not having a valid will. To be able to share this journey with myprosperity is exceptionally exciting for us.”

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Chris Ridd

myprosperity, Australia’s leading personal wealth platform for advisors today announced an integration with Macquarie Wealth to allow its customers secure, real-time access to the bank’s popular investment and cash management accounts.

Macquarie Wrap is an industry-leading full service investment platform with more than $A85b in funds on platform, and its Cash Management Accounts (CMAs) the chosen cash hub for one in three SMSFs. By integrating with Macquarie’s open banking platform, myprosperity empowers its rapidly growing base of advisers to give clients a complete view of their entire financial world.

Established in 2011 and headed up by former Xero Australia Managing Director Chris Ridd, myprosperity is Australia’s leading personal wealth platform. Available on desktop and via mobile app as a white-label portal, accountants and financial planners grant access to their clients on a subscription basis. Clients connect their financial affairs via a suite of automated data feeds to gain a real-time, consolidated view of their financial position.

To date, myprosperity has over 530 advisers and 23,000 active users, and is tracking more than $33B in assets and $6B in liabilities. In March, myprosperity was awarded Financial Advice Innovator of the Year at the Australian Fintech Business Awards.

Speaking about the integration, Chief Executive Officer of myprosperity Chris Ridd said, “We are thrilled to provide our clients with secure, direct access to Macquarie’s comprehensive Wrap platform and its popular cash management accounts. Ultimately consumers will – and should – control their own data. With this integration, myprosperity clients can integrate yet another important component of their personal wealth.”

Ridd continued “Like us, Macquarie cares about creating great experiences for its clients and is setting the standard for the rest of the industry to follow when it comes to open banking.”

Cameron Garrett, Head of Wealth Product and Technology for Macquarie Wealth, said: “We want to create the best possible experience for our advisers and clients and seamlessly integrating with third parties is an important part of that.

Macquarie’s platform brings together market leading technology and innovation, with scale and security to support advisers and clients in reaching their goals. Our focus is on increased flexibility and personalisation through our innovative digital banking and wealth solutions, and Macquarie’s open platform facilitates this, enabling approved third-party providers to connect to offer new services and experiences.”

Stuart Stoyan, Chair of Fintech Australia commented “This is an important collaboration between a fintech startup and a major and established industry player. Collaborations such as these are most welcome and important to drive better customer outcomes and financial services innovation.”

“Our recent EY FinTech Australia Census identified that Australian fintech firms are keen to take advantage of an open data framework, and to collaborate with banks. It is good to see that this partnership ticks both of these boxes.”

This functionality is now live for myprosperity clients.

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Chris Ridd

myprosperity, the market leading financial collaboration platform for accountants and advisers, is proud to announce it has completed integration with BGL’s Simple Fund 360, the market leading cloud SMSF solution, to provide a holistic view of a client’s financial world.

myprosperity and BGL Simple Fund 360 clients will now benefit from the ability to see their entire financial world in real time and on any device. This means clients have just one platform, provided by their trusted adviser, to view everything from their property, motor vehicles, bank accounts, credit cards and their SMSF.

Accountants and advisers can seamlessly link their client’s Simple Fund 360 ledgers and myprosperity accounts within seconds harnessing the power of the cloud.

Chris Ridd, CEO of myprosperity explains, “we are passionate about providing a single platform for clients and their trusted adviser to collaborate and manage their entire financial world. With the SMSF sector representing over $650 billion in assets, integrating with Simple Fund 360 is an important step for myprosperity to deliver huge benefits to accountants, advisers and their clients.”

Ron Lesh, BGL’s Managing Director said, “we are excited to add myprosperity as an integration partner to provide our mutual clients with the benefit of live feeds from our cloud based Simple Fund 360 product. Clients will be able to view their SMSF balances, holdings and transactions within the myprosperity platform giving them a comprehensive view of their super and non-super assets.”

myprosperity continues to rapidly grow its number of integration partners, delivering significant benefits to accountants, planners and their clients. Between 29 May 2017 and 16 June 2017, myprosperity undertook its first national roadshow, visiting 12 cities and engaging with more than 1,100 existing and potential accounting, financial planning and bookkeeping partners.

Myprosperity will add integration with BGL’s cloud based ASIC company compliance solution, CAS 360, over the coming months.

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Chris Ridd

Financial software company, myprosperity, has strategically partnered with The Institute of Public Accountants (IPA) to assist accountants to better service their clients.

The partnership, which joins one of the country’s oldest representative professional bodies with a relatively recent addition to the fintech scene, aims to help accountants implement technology into their practices to make them more efficient.

Chris Ridd, CEO of myprosperity, sees the partnership as an exciting opportunity for accountants as he believes there is a gap in the wealth advice space when it comes to personal finance.

“In a digitally-driven financial market, myprosperity helps accountants thrive by providing up to date data, so they can get a real-time snapshot of their clients’ finances and provide informed advice. I think getting this data is something accountants struggle with and myprosperity is an elegant solution to this problem,” Chris Ridd said.

myprosperity automates data feeds from providers such as Class Super, Redbook, Yodlee, RP and the ASX to provide information about clients’ bank accounts, credit cards, home loans, real estate, insurances and superannuation.

The portal has functionality that is advantageous to accountants, including digital document signing, lead generation, uploading documents and receipts, and tagging tax items.

Upon being introduced to myprosperity, Andrew Conway, CEO of the Institute of Public Accountants was immediately aware of the potential that myprosperity had to transform the client/public accounting relationship.

“Having seen myprosperity in detail, I am convinced that is can power the transformation of the client/Public Accountant relationship. The ability to provide real time, bespoke information to clients on their personal financial position will greatly assist informed decisions and a much deeper relationship between public accountants and their clients,” said Mr Conway.

myprosperity will be travelling across Australia in June with their 2017 roadshow, which will promote new growth and revenue streams for accountants, financial planners and bookkeepers.

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