Colonial First State said the platform enables advisers to administer their clients’ different assets.

“It’s a single solution that brings directly held listed securities and cash together with custodially held term deposits, managed funds and managed accounts all in the one place. This allows for whole of portfolio insights, performance and tax reporting,” it said.

Mr Wall said the solution will have a flat administration fee and will enable users to access consolidated reporting and a whole of portfolio view.

“We think this solution will have large appeal for SMSF investors that are looking to resolve the admin burden with direct equities and corporate actions. The solution will go live later in the year,” he said.