VisiPlan boosts IWL growth
IWL has delivered a strong first quarter result after posting a 15 per cent hike in operating revenue buoyed by favourable economic conditions and an expedient implementation of its VisiPlan software to the National Australia Bank group.
The group today announced an operating revenue of $13.01 million - an increase of $1.69 million on the previous corresponding period last year.
IWL reported a 32 per cent increase over the past twelve months in the number of advisory software licencees held.
In the first quarter, 7,789 licencees were held - a 3 per cent increase on the June figures.
IWL chief executive Otto Buttula said the growth could be attributed to a buoyant stock market and a faster than expected rollout of VisiPlan to firms within the National group.
“While it remains too early to accurately determine whether we should lift our full year earning expectations, we are pleased with the strong start to the year,” Buttula said.
The announcement follows IWL’s release of Continuing Professional Development (CPD) points for financial planners who use the online training solution for VisiPlan.
IWL executive general manager financial advisory solutions Ross Johnston said the group has decided not to support third party consultants in providing training solutions to its financial advisory client base, but instead will offer a combination of online, face to face and workshop training seminars.
“IWL has had success with this strategy to date and does not currently endorse third party consultants,” Johnston said.
“The Financial Planning Association (FPA) has now accredited the course with a total of 11.5 CPD points for financial planners completing the VisiModelPlan and SnapShot training.”
Recommended for you
Licensee Centrepoint Alliance has completed the acquisition of Brighter Super’s annual review service advice book, via Financial Advice Matters.
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
