Software to ‘bake-in’ compliance standards: Decimal
Financial advisers and dealer groups will be able to track and record every client interaction they have, to ensure compliance standards are being met, with the roll-out of a new IT solution, Decimal Softwar Limited claims.
Decimal executive chairman, Michael Sertorio, said the launch of its services would enable advisers to fully integrate online marketing and client engagement, CRM, workflow and provide instant statements of advice documents to clients.
The software provider said it aimed to bring "enterprise-grade solutions that will transform the way personal financial advice is delivered and its economics," to Australian Financial Service licensees, while reducing compliance risk.
"Consistent with our strategy communicated to investors earlier in 2014, we are now accelerating our delivery of products to the market that will provide advisers a new way to grow their business whilst solving the existing complexity associated with compliance management," he said.
"We expect the uptake of these solutions to add further momentum to our growing customer base signing up for new capability."
Recommended for you
With the highest number of candidates in a year sitting the latest financial advice exam, a surge of new entrants are expected in the coming weeks, according to Wealth Data.
AMP has launched a range of five diversified index managed portfolios on its North investment platform, targeting a younger client demographic.
An NSW adviser, who advised over 120 clients after falsifying her financial advice exam results, has been permanently banned by ASIC.
ASIC has released the results from the latest financial adviser exam, the first to be run since changes to its structure earlier this year.
