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 advisers risk losing two-thirds of FUA during the $3.5 trillion wealth transfer, two co-founders underscore why fostering trust with the next generation is vital to retaining intergenerational wealth.
As advisers seek greater insights into FSCP determinations, what are the various options considered by the panel and can a decision be appealed?
Amid the current financial adviser shortage, advice firm Link Wealth is looking to expand its financial literacy program for high school students across the country.
TAL Risk Academy has updated its range of ethics courses to help financial advisers meet their CPD requirements following adviser feedback, including interpreting FSCP determinations.
