Fiducian enhances FORCe
Fiducian Portfolio Services Limited has developed a new software solution intended to allow planners to compile fee disclosure statements.
The company announced the launch of the new product this week, saying it was part of an update of Fiducian's financial planning software - FORCe.
It said that financial planners using FORCe would receive data directly from their adviser payments system and link them to their client accounts on FORCe.
The company said the data would be regularly refreshed so a planner could generate a Fee Disclosure Statement over any period and have it automatically formatted by date, amount and fee type - along with GST - directly into the Disclosure Statement template.
Commenting on the product development, Fiducian head of financial planning Robby Southall said the Fee Disclosure Statement should not be a document that created confusion or fear but, rather, should promote the value-adding service that financial planners provide.
"So we are quite happy with this functionality which our IT team have delivered to bring our planners closer to their clients and generate efficiencies," he said.
AUTHOR
Staff Writer
Recommended for you
As the financial advice industry looks to embrace career changers, Money Management speaks to a former teacher and international development worker who took the leap into advice.
A Federal Court ruling on whether licensees need to ‘take all reasonable steps’ regarding conflicted remuneration could extend to other parts of the advice process, according to law firm Hall & Wilcox.
Young investors aged under 40 are more than twice as likely to measure the value of their financial adviser based on progress towards their goals, Dimensional research uncovers.
A new financial advice business, licensed by Centrepoint Alliance, has recently commenced operations servicing HNW clients including retiring Baby Boomers and single women.
