Xplan has continued to dominate the financial planning software space being named the top rated planning application for 2014 by Investment Trends, continuing its top ranked performance across a number of surveys.
In its 2014 Financial Planning Software Benchmark Report Investment Trends stated that Xplan had received the highest score given to any financial planning software application in the 10 year history of the report.
In a separate statement Iress, the producer of Xplan, stated it received a 94 per cent score and had now been ranked the top financial planning application for eight consecutive years.
Investment Trends analyst Ian Webster said Xplan was both world class and comprehensive and its performance in the benchmark survey as well as that of other planning applications was indicative of licensees’ investment in technology and Australian software engineering talent.
The report covered the features and functionality of planning applications available to Australian financial advisers with six full feature planning applications assessed across 638 separate criteria in the five categories of client management, advice provision, portfolio management, practice operations and integration.
The applications assessed were AdvisorLogic, AdviserNETgain, Coin Office, AdviceOS, PlatformPlus and XPLAN with three application/investment platform hybrids also assessed – AdviserNETgain/Asgard, AdviserNETgain/BT and MoneyOne/Oasis and three superannuation scaled advice applications assessed – Decimal, Provisio and XPLAN Engage.
Of these latter applications AdviserNETgain was the top rated hybrid planning/platform application and Rubik Provision was the top rated best superannuation scaled advice application.
Investment Trends also found that planners were using software to ensure they were compliant with Future of Financial Advice regulations with licensees encouraging advisers to use the workflow based compliance functions of software and not just use it to produce statements of advice.
