Centric Wealth switches to Xplan software



|
Centric Wealth Advisers has switched to IRESS’ financial planning software, Xplan, for its adviser support.
Speaking earlier this year to Money Management, Centric chief executive Mike Pillemer said it was moving to Xplan software as part of a restructure of its back-office, which also included reviewing its internal research processes. Centric has received more than six different software solutions following the acquisition of several businesses.
National head of financial planning John Hart said Centric chose IRESS following a strategic review of its systems and extensive input from advisers.
IRESS general manager Andrew Walsh said moving to Xplan would provide clear savings from overheads for Centric, and make its processes more efficient by creating a single client record extending to debt, insurance and treasury advice channels.
Recommended for you
While the last several months have seen increased market volatility, particularly in the US, advisers said there are multiple reasons why there has been an increase in defensive asset flows.
Scarcity Partners believes the dynamics playing out in the managed account and outsourced chief investment officer market are “here to stay” based on positive developments in financial advice.
Former executive chairman of failed stockbroker BBY, Glenn Rosewall, has been charged with aiding, abetting, counselling or procuring BBY’s dishonest conduct in relation to a financial service.
Fidelity International research has revealed Australian investors are significantly more optimistic about the market outlook and feeling more comfortable than their APAC peers, despite ongoing market volatility.