Westpac financial planners will soon be operating with the Wealthpoint financial planning platform after the bank announced the completion of a deal with the technology provider today.
The announcement comes after a lengthy tender process by Westpac, which took four months to select a technology platform that it believed could support expected levels of growth in the bank’s wealth management area.
Westpac head of financial planning and advice Brett Himbury says ensuring the group had the right tools to support its advisers was an important part of maintaining the level of professionalism in the bank’s adviser network.
“WealthPoint was chosen after an extensive process and was seen as the best solution for the levels of professionalism and productivity provided by our financial planners”, he says.
“At our current levels of growth in wealth management, we are driven to keep improving the customer experience.
The Wealthpoint platform is expected to have been rolled out to all of Westpac’s financial planners by the first quarter of next year.
