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Rainmaker MarketPro has undergone several user interface updates, and now includes a new managed accounts and model portfolios investment product search feature, a new continuing professional development module for wealth managers, as well as access to Plan For Life research reports in the research library.
“The change to Rainmaker MarketPro brings our platform in line with our peers across ISS Market Intelligence, who have brought MarketPro to wealth management and financial services firms in the US and EMEA markets,” said Christopher Page, managing director at Rainmaker Information.
“Rainmaker MarketPro is the only local source of data and insights for wealth managers that is backed by global technology and data capabilities, as part of the ISS Market Intelligence business.”
The re-launch also sees DMI Systems and Rainmaker’s wider data solutions re-positioned as Rainmaker MarketLink.
ISS Market Intelligence acquired Rainmaker Information in 2021 and has recently undertaken a launch of the MarketPro platform in the US and EMEA markets.
“We will continue to bring new capabilities to clients, starting with the release of the model portfolios and managed accounts datasets that has been launched within the Rainmaker MarketPro terminal,” said Page.
The managed accounts integration is phase one of two, which currently includes over 200 model portfolios, their underlying investments, consultants and platform access.
Performance metrics will follow this release in the coming months as part of phase two.
Managed accounts continues to be a key area of growth in the Australian wealth management landscape, with 28.3% growth in funds under advice in the year to 30 September 2024, according to Rainmaker Information’s Wholesale Advantage Report.
“The new integrated model portfolio data in Rainmaker MarketPro will assist investment managers with opportunities for winning contestable money within the managed accounts market,” said James Yin, head of business development at Rainmaker Information.
The new CPD module in Rainmaker MarketPro expands on existing infrastructure from FS Aspire CPD, also as part of ISS Market Intelligence, with users able to access professional development content relevant to superannuation funds and investment managers.
“Rainmaker MarketPro is the only CPD offering that provides CPD alongside a leading business development, market research and competitive intelligence platform,” said Page.
In addition, Plan For Life clients will be given access to Rainmaker MarketPro to access data and reports as part of Rainmaker’s wider research report library.
Life insurance, retirement solutions and managed funds data sets are available on the terminal.
“Plan For Life’s research has been a trusted source of information for insurers and investment managers since 1989.”
“Pooling our research and data together will provide even more data integration and competitive insights for our clients,” said Page.
Contact our Business Development team to receive further details of Rainmaker's products and services.
Total risk market inflows were down a marginal 0.6% over the year to June 2024, decreasing from $18.3 billion to $18.2 billion.
Dual access ETPs, which are transacted both on stock exchanges and off-market through funds managers, can cost four times as much as the rest of the Australian ETP market.
