Financial planning licensee Capstone has announced further enhancements to its XPLAN advice technology platform.
The company last week announced enhancements specifically aimed at helping planners surmount the regulatory environment evolving from the Future of Financial Advice (FOFA) changes.
Announcing the practice-specific enhancements, Capstone managing director Grant O'Riley said the company had spent the past 12 to 18 months developing and exploring options to enhance technology delivery in line with the company's recently developed client engagement model.
He said the result had been the development of a customised set of wizards including Statement of Advice and Record of Advice templates – effectively providing a 'pre-delivered' set of templates, documents and procedures.
O'Riley said practices could use the existing templates or use the documents as a guide, then personalise and have them coded specifically to their business.
He said the group placed a premium on accurate reporting, and all data feeds were monitored daily.
"Quite rightly, our practices expect accurate portfolio balances and as their licensee it's our job to deliver, therefore the buck lies with us," O'Riley said.
"Capstone has consistently achieved above 95 per cent accuracy over the past six months."
