IWL adds Boss life research to Visiplan
IWLhas added Boss life research to its Visiplan financial planning software as part of the full integration of Llink, the planning software of Accompli Technologies which IWL purchased in late 2001.
Prior to the full integration of the two systems, the life research and a number of other features were only available to users of Llink, but will now be available to planners using the next version of Visiplan, due to be rolled out later this week.
As part of the upgrade, IWL has added the ability to create model portfolios linked to client risk profiles, benchmarking and growth charts, as well as the life research data from Boss, which has been labelled Insurance Plus.
This facility will allow planners to select insurance products specifically for certain clients and then use them in the creation of a risk insurance plan.
IWL head of financial planning strategy Ross Johnston says the changes would boost the value of the software to existing users. He says the moves were designed to reinforce the software’s position as the leading planning tool in the market.
Johnston says IWL will eventually add straight through processing and execution of transactions to listed securities and managed funds to the Visiplan system, and is in talks to add more users to its online planning software system, Visiweb.
IWL currently has about 6000 users of Visiplan. However only one dealer group,Bridges, has signed up for Visiweb. Johnston says it is a next generation style service and will take some time before it is in widespread use.
AUTHOR
Jason Spits
Recommended for you
A panel of advisers have argued charging fees accordingly is a top priority for the industry, but Peloton Partners has found firms are reluctant to increase them until the business pressure is “unavoidable”.
Equal weighted ETFs are gaining ground with financial advisers, according to AUSIEX, as they believe they can bring balance to client portfolios.
Financial services software and technology provider Fin365 has appointed a new executive chairman to the board to support the firm’s strategic growth plans.
The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to switch their superannuation into a poorly performing product.
