News / Industry

Today an article was published in an online publication called ShedConnect. The article centres on Colonial First State’s launch of managed accounts on FirstWrap and contains references to IRESS.

Core elements of the article are incorrect, and particularly in relation to IRESS. IRESS has contacted the publication directly, as has Colonial First State, to seek correction. 

In particular:

  • Colonial First State has confirmed IRESS has not played a part in any delays.
  • References to issues with scalability of data, inferring IRESS responsibility, are incorrect. Colonial First State has also confirmed this directly with IRESS, and to the publication.
  • Colonial First State and IRESS refute that any aspect of this topic is a legal or contractual matter. 

Colonial First State and IRESS are committed partners in delivering marketing leading technology on Colonial platforms.

IRESS’ technology, including IRESS Portfolio System, is robust and scalable and supports a global client base.

Any queries relating to this matter, please call Kirsty Gross, Managing Director, Financial Markets Australia & New Zealand on (02) 8273 7000.


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