WealthO2 expands with two software mergers
Wealth02 has merged with financial planning software firm, Roar Software, and wealth platform software specialist NEO.
The move would create an advice technology solutions business which was focused on solving problems throughout the end-to-end adviser experience.
The firm said this would include client engagement, strategy optimisation, digital statements of advice and progression of lifestyle goals.
Feedback from advisers had told the firm they were “tiring of inflexible product-based sales” and would prefer a tailored solution instead.
Kevin Liao would move from his role as chief executive of Roar to executive director of software solutions while NEO chief executive, Rudi Engelbrecht, would be group chief operating officer.
Andrew Whelan, chief executive of WealthO2, said: “The coming together of WealthO2, Roar and NEO creates an exciting and significant step in our innovation, capabilities and size of the team. This will enable us to offer highly flexible and solutions to financial advisers to solve any critical business issue.
“We now offer solutions to every challenge advisers face within their practice, either with our end-to-end solution, or by extracting any part of this and inserting it into an advisers existing workflow to solve a particular problem.”
Liao said: “Advisers are crying out for solutions more than more product options, and I think this an exciting opportunity to offer something uniquely powerful to advice practices”.
AUTHOR
Laura Dew
Recommended for you
Former Iress chief executive, Andrew Walsh, has been promoted to chair of a boutique Sydney advisory firm, having stepped down from the same position at Mason Stevens.
Results are out for the latest sitting of the ASIC financial advice exam, with the pass rate falling for the second consecutive sitting.
The finalists for the 2025 Australian Wealth Management Awards have been revealed, shining a spotlight on the top performers and rising stars across the nation’s wealth sector.
Adviser losses for the end of June have come in 143 per cent higher than the same period last year, and bring the total June loss to over 350.
