MPC Markets selects HeirWealth Atlas for reporting

MPC Markets has selected HeirWealth Atlas for portfolio reporting in its Mosaic client platform, adding consolidated reporting across multiple asset classes for the firm's advisers.

Under the arrangement, HeirWealth's reporting system will be integrated into Mosaic, the platform used by MPC Markets' clients. Advisers will get a single reporting view across holdings spread across different brokers, currencies and asset classes, while branded client review documents will be produced automatically.

The deal also gives MPC Markets' clients access to HeirWealth Portal, a separate client-facing product that extends reporting beyond advised portfolios. Through the service, clients can add other assets and records, including bank accounts, property, insurance, collectibles and documents.

The move reflects a wider issue in Australian wealth management, where investors often hold assets across several platforms and providers. That can make it harder for advisers and clients to see a consolidated picture of performance, income and asset allocation.

Atlas sits above existing systems and pulls data from domestic and international brokers, alternative product providers and cash management accounts into a single reporting structure, according to HeirWealth. The platform is designed to organise data at household and entity level, which is relevant for clients with trusts, companies or other ownership arrangements.

According to the companies, the reporting engine also adds calculated income entitlements and other components to trade and CHESS data. This allows valuations, asset allocation tracking and total return reporting across a client's portfolio.

Returns can be broken down at stock level into capital, income and foreign exchange components. Those figures can then be grouped across sectors, portfolios, entities or an entire household.

MPC Markets will also be able to apply its own classification rules within the system, including custom sector labels and reporting by liquidity or currency exposure.

Market review

Mark Gardner, chief executive officer of MPC Markets, said the firm had assessed a broad range of options before choosing HeirWealth.

"We reviewed every credible reporting platform in the market. Atlas was the only one that handled the full picture: multi-broker, multi-currency, FX-attributed total returns, and the kind of automated branded reviews our clients deserve. It's the first platform I've seen that tracks multiple assets in real terms, not in isolation."

The selection gives HeirWealth a reference customer in the Australian advisory market at a time when wealth firms are under pressure to improve reporting and client communication without adding manual work. Automated document creation is one area where advisers have sought to reduce time spent assembling review packs from separate data sources.

For clients using HeirWealth Portal, the offering goes beyond investment reporting. The portal includes a document library, records for expressions of wishes, a calendar for important events, and tools to share information with family members or trusted advisers.

Product development

Ray Tubman, founder of HeirWealth, said MPC Markets had helped shape the product as an early user.

"MPC Markets have been outstanding partners in bringing HeirWealth Atlas to market. As an early adopter, they've worked closely with us to shape a product that represents a genuine step change in portfolio reporting and client review statement generation - with sophisticated total returns calculations, asset allocations, and visualisations that simply haven't been available to this market before. There is much more to come across the HeirWealth suite, and we're proud to be building it alongside a firm like MPC Markets."

HeirWealth describes itself as a wealth management software provider that aggregates data from existing platforms into a consolidated layer for advisers, accountants, wealth managers and family offices. MPC Markets is an Australian investment advisory firm offering portfolio management, market research, stock recommendations and structured products.

The agreement highlights how reporting software is becoming a more visible point of competition among advice firms, particularly for clients with assets spread across listed securities, cash, alternatives and offshore holdings.