AdviserLogic upgrade RiskLogic
Financial planning software specialist company, AdviserLogic has upgraded its life insurance quoting and comparison product, RiskLogic.
The company announced this week the upgrade was intended to deliver an enhanced qualitative analysis of product feature strengths and weaknesses in addition to the product’s existing score-based comparison.
Explaining the upgrade, AdviserLogic head of product development, Daniel Gara, said the new dataset was being provided by Omnium and was aimed at making life easier for advisers when researching options for clients and then producing compliant Statements of Advice.
“The enhanced analysis allows advisers to pinpoint feature-based strengths and weaknesses and enables them to have qualitative information at their fingertips, especially when explaining to clients why one product is better than another and how features within products differ,” he said.
Gara said that, previously, this had been measured by a score, but advisers would now know the reasons why a product was better.
He said the enhancement would be rolled over coming weeks.
Recommended for you
A Gold Coast-based financial adviser has been banned for four years by the corporate regulator after he provided inappropriate advice for Next Generation Advice regarding speculative and illiquid investments.
With $34.9 million in cash on its balance sheet, Fiducian executive chairman Indy Singh has said the licensee won’t be rushed into making large advice acquisitions or paying out special dividends.
ETF provider VanEck is set to launch its latest smart beta ETF – the MSCI International Growth ETF– ushering in a new growth international equities strategy.
Advancing research on the use of artificial intelligence in financial services, AMP has announced a strategic partnership with UNSW Sydney.
