ART's Executive General Manager for Advocacy and Impact, Anna Fuchs, highlighted the core aim of this collaboration is to enhance the availability of financial advice for Australians. By leveraging State Street's extensive expertise, ART is poised to empower its adviser network with enhanced resources via the Adviser Hub, thereby fostering more robust and diversified investment portfolios for retirement.
Through this initiative, advisers will gain invaluable guidance to effectively navigate industry evolutions and better meet client expectations. Kevin Anderson, Head of Asia-Pacific at State Street Investment Management, expressed enthusiasm about offering Australian advisers access to global insights through this partnership, aiming to craft stronger financial futures for their clients.
Parallel to ART's initiatives, Aware Super has introduced a suite of digital tools designed to optimise the administrative processes for advisers. These upgrades incorporate direct data feeds to Xplan, streamlined adviser registration, and an efficient system for client transaction approvals. The enhancements seek to reduce paperwork, accelerate processing, and refocus adviser efforts on client engagement.
Steve Travis, Aware Super's Group Executive for Member Growth, asserted that these digital advancements reflect the fund's dedication to delivering a seamless digital experience. By simplifying administrative tasks, Aware Super empowers advisers to concentrate on delivering value through client interactions and financial strategising.
With ART managing over $350 billion in assets for more than 2.4 million members, these initiatives signal a broader commitment to facilitating improved retirement lifestyles for Australians. Simultaneously, Aware Super's digital platform stands as a testament to streamlined processes, having achieved digital transformation for the vast majority of transactions.
As these super funds push to enhance the efficiencies and capabilities of their adviser networks, the implications for the sector are substantial. These developments are poised to yield more personalized, effective financial guidance for Australians, ultimately shaping a more secure retirement landscape.
