AMP Financial Planning rolls out Coin software system
AMP Financial Planning (AMPFP) has begun its rollout of the Coin financial planning and practice management software to all its practices and advisers.
AMPFP managing director Michael Guggenheimer projected that 80 per cent of the dealer group’s 650 practices and 1,300 advisers would be using the Coin software by June 30 this year.
He projected an eventual total of about 4,000 users of Coin within the dealer group, including planners and staff within other areas, such as administration.
The roll out follows the completion of a successful pilot program last year in which AMPFP demonstrated the potential efficiencies of the software to member practices.
The success of the pilot program is due to the Coin software application offering both an advice component and a practice management component, Guggenheimer said.
“Our members have obviously seen the value of the integrated software system, the efficiencies that could be gained from the advice production and also the practice management solution.”
Recommended for you
Licensee Centrepoint Alliance has completed the acquisition of Brighter Super’s annual review service advice book, via Financial Advice Matters.
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
