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Old Aegis platform gets a new look

A year after MMC brought the Aegis platform across from ASB it has launched some new features.

Monday, August 23rd 2021, 7:31AM 1 Comment

MMC says it has improved the improved the investor experience for its Wealth Admin clients.

"It’s now been a little over 12 months since the ex-Aegis business was successfully transitioned from ASB to MMC. In that timeframe we have moved its entire infrastructure to the Cloud, integrated all of the people into MMC and re-branded to MMC Wealth Administration," it says in. social media post.

"We have made a number of operational improvements and have been busy upgrading the technology. New APIs, investor reporting capability, a first cut of a new Adviser Portal, and a series of other improvements have been successfully deployed to date."

Last week it announced another milestone – the release of its new Investor Portal.

"This is an important step towards improving the end-investor experience for our MMC Wealth Administration clients."

 

Tags: Aegis MMC

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Comments from our readers

On 23 August 2021 at 8:49 am Pragmatic said:
I haven't seen this new look MMC platform, but thought that a few helicopter observations may be of interest.

The industry appears to embrace consolidated reporting technology largely based on price... accepting that the various options all provide unique positive & negatives. In the main, these technologies do much the same - making the administrative life of the industry a bit easier.

Whilst I often hear grumbles around all existing platforms, switching from one provider to another is a huge distraction to any financial services business, taking months to complete and leaving them exposed to heightened consumer & regulatory demands. The biggest catalyst for change appears to be a special price offer that makes the pain all worth it.

I wonder whether the industry is looking at administrative platforms through the wrong lens... and can't help thinking of what Xero did for the consumer / accounting relationship. Imagine an administrative platform where data / details are 'owned' by the consumer, who in turn provides the industry with various levels of administrative rights? How exposed would various industry participants be under this scenario?

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