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AllMyFunds Technology has released a suite of products aimed at planning groups that want to preserve income as they move to a fee-for-service model.
The new technology makes annual client reviews easier and more efficient and quickly generates advice statements, as well as providing a range of reports suited to the new regulations, according to AllMyFunds.
Light Advice is a personalised superannuation report that covers a client’s investment performance and how they could best improve their retirement outcome. The report doesn’t require client input and allows the adviser to efficiently service a large number of clients, which suits the new “no advice, no remuneration” model, the company said.
Using Light Advice, advisers will be able to service each superannuation client for as little as $8 per client including printing and postage, the company said.
More comprehensive advice statements covering consolidation, insurance and extra contribution strategies are also available, including the Continuous Report Service, which suits advisers with large corporate super books or a database of C and D clients. Income from this service can be generated by a flat fee, a trailing commission or a combination of both.
AllMyFunds also provides Smart Statements for super funds that produce annual member benefit statements at the push of a button, as well as a white label solution for dealer groups.
