Ignition Wealth launches robo tool for advisers



Ignition Wealth will offer a new range of XPLAN services to help advisers with integrating digital advice and preparing their businesses to become robo-compatible.
Ignition Wealth had partnered with integrated financial planning software service, XPLAN, and would form the new division with XPLAN customisation specialist service, PlanFocus.
PlanFocus director, Rob Corben, would lead the new project division and join Ignition as head of advice.
Ignition chief executive, Mark Fordree, said the new offering would boost digital advice integration and create a simple pathway for advisers between automated advice and full service advice.
"We believe the true scale of digital advice is best delivered by integrating with the tools with which advisers are already comfortable," he said.
"[We] now offer clients a range of XPLAN services to help them better leverage technology in their businesses."
Recommended for you
A quarter of advisers who commenced on the FAR within the last two years have already switched licensees or practices, adding validity to practice owners’ professional year (PY) concerns.
Integrated wealth and financial services group Rethink has launched a financial planning arm called Rethink Wealth to expand beyond property investing and into holistic wealth management.
While adviser numbers continue to slowly creep back up, the latest Wealth Data analysis reveals they would actually be in the green for the calendar year if it weren’t for so many losses in the limited advice space.
Iress has appointed a chief AI officer to spearhead the fintech’s strategic focus on AI, with chief executive Marcus Price describing how the technology opens the doors to a “new frontier for wealth advice”.