IWL to offer ‘end to end’ tech service
IWLhas signed on AM Corporation’s strategic business services national manager Paul Medcraft ahead of a planned rollout of an ‘end to end’ planning and technology platform.
The new system will work online and make use of IWL’s web based planning software, VisiWeb, which will draw on the group’s research services. Advisers using the IWL desktop software, VisiPlan, will also be able to access the system via VisiTalk.
The system will allow advisers to work from their desktop and provide straight-through processing through dealer groups and platforms into funds management groups.
IWL head of financial planning strategy Ross Johnston says while the system will offer straight-through functions, it will also provide full compliance services for dealers and online access for clients to their portfolios.
The project, which has been under development for three years, has already been made available to a number of core clients of IWL and rounds out the group’s service offering in the desktop, network and online environments.
The online product will be rolled out as part of a roadshow by IWL timed to coincide with theFinancial Planning Associationconference in October.
The system will be based on modules with advisers and dealer groups charged on how much of the service they use, but Johnston says pricing details are yet to be released.
Medcraft’s role with IWL will be the sales and promotion of the service and follows his development work with AM Corporation’s Bureau service.
AUTHOR
Jason Spits
Recommended for you
The director of Ascent Investment and Coaching, Michael Dunjey, has been charged with 33 criminal offences.
Adviser Ratings’ latest financial landscape report finds there is a demographic of advice practices achieving an average revenue of $5 million, with only 3 per cent of practices overall seeing a revenue decline.
The FAAA is calling for regulators to take a partnership approach with financial advisers regarding incoming legislation, rather than treating the industry as “guinea pigs”.
There have been strong numbers of returning advisers this year so far, according to Wealth Data, already surpassing the same period for 2024.
