Helping planners believe
Planners better appreciate their potential when exposed to the full suite of enterprise financial planning software, rather than just limited modules, the head of a leading planning firm has argued.
Australian Investment and Financial Planners (AI&FP) managing director Michael Summers believes the breadth of planning functionality a planner is exposed to gives signals about the scope of work they should attempt.
“Our objective is for all planning staff to develop as complete financial planners,” he said.
“It’s very important that they themselves believe that, and offering the full suite of software enables that thinking.”
Summers’ comments follow AI&FP’s announcement to roll out the complete Xplan Technology software suite to all its advisers.
“We have always seen technology as an essential part of a progressive financial planning business,” he said.
Xplan was selected following a three to six month review process and was chosen for its willingness to partner with AI&FP and its openness to customisation, Summers said.
“We also found the software to be the most user-friendly and comprehensive,” he said.
“Supporting AI&FP’s client-advice objective is the core requirement, which is to provide a decentralised network of planning businesses with an enterprise workspace to deliver operational efficiencies for both adviser and dealer,” Xplan Technology general manager Andrew Walsh said.
Summers expects the roll out of Xplan to be completed in three months.
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.
