Midwinter releases new version of Reasonable Basis
Financial advice software provider Midwinter Financial Services has released Version 2.0 of its Reasonable Basis program, which has a number of new features that are available to both new and existing users.
Reasonable Basis is Midwinter’s flagship product and aims to satisfy an adviser’s disclosure obligations under the Financial Services Reform Act by guiding them in justifying their product and strategic recommendations.
Included in the new version is a module that enables advisers to compare and optimise the best gearing strategies for their clients as well as a tool that facilitates the easy transition of books of super business from platform to platform.
Midwinter has also made a number of upgrades to the software, including the ability to link client objectives with the features and benefits of the ‘to’ and ‘from’ fund when super switching, automatic commission disclosure for Statements of Advice and the ability for multiple advisers to use the software from one terminal.
Recommended for you
As the end of the year approaches, two listed advice licensees have seen significant year-on-year improvement in their share price with only one firm reporting a loss since the start of 2025.
Having departed Magellan after more than 18 years, its former head of investment Gerald Stack has been appointed as chief executive of MFF Group.
With scalability becoming increasingly important for advice firms, a specialist consultant says organisational structure and strategic planning can be the biggest hurdles for those chasing growth.
Praemium is to acquire an advanced technology firm for $7.5 million, helping to boost its strategy to be a leader in AI-powered wealth management.
