Xero help launch adviser software program
Synchron's recently launched advisor software program, SyncAdvsr will be integrated with Xero to provide users with a simple-to-use customer interface.
"A partnership with Xero will provide our advisers with complete confidence when dealing with referral and product partners. They will be able to clearly see how much revenue they have received from where and cross-reference that information with their bank statements. This will make it extremely easy for them to see what they have been paid and what is still outstanding," said Synchron director Don Trapnell.
SyncAdvsr automatically generates fee disclosure statements and opt-in notices, monitoring the return via a central dashboard while incorporating business analytic metrics which group commissions or fees.
SyncAdvsr was made available to all Synchron advice business two months ago as part of a Synchron suite of services. Trapnell is confident that the software will be popular with users looking to improve speed and service efficiency.
"This tool is allowing Synchron advisers to maintain and nurture their client relationships, while improving efficiency in their business," he said.
"Of our 400 advisers, over 50 per cent have already started using SyncAdvsr and it is absolutely changing the way they do business."
AUTHOR
Hope William-Smith
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
