Australia and New Zealand Banking Group has launched the ANZ V2+Broking, an integrated trading and cash management account for advisers using E*Trade's trading platform.
According to Australia and New Zealand Banking Group (ANZ), ANZ V2+Broking is a single account that allows advisers to buy and sell shares via E*Trade with direct access to client’s trading funds.
Brian Hartzer, managing director of personal division at ANZ, said: Providing customers with an integrated cash management and trading account enables them to not only access their funds at call, but also to react quickly to market opportunities.
John Daley, managing director of E*Trade, added: Previously advisers using E*Trade’s services could only access their client’s funds from an external cash management account to buy shares. ANZ V2+Broking account removes the middleman from the process. In addition, customers also earn high interest on the account, so it is a win-win.