Matrix and ClearView adopt Iress advice fee consent solution

ClearView/iress/

10 November 2021
| By Liam Cormican |
image
image image
expand image

Matrix Planning Solutions and ClearView Financial Advice have adopted Iress’ advice fee consent solution, allowing their advisers to capture fee consent for ongoing service fee agreements within Xplan.

The advice fee consent would then be validated and authenticated through blockchain technology and passed through to the relevant platforms.

Iress’ managing director, financial advice, Tizzy Vigilante, said Iress developed the end-to-end solution in collaboration with Matrix and ClearView and other industry players.

Vigilante said the solution enabled licensees and advisers to securely send data and fee consent forms to platform providers as well as manage return responses.

“The automated solution will result in reduced time spent on paper-based administration and data entry for advisers, as well as increased connectivity between licensees, advisers, clients and platforms,” said Vigilante.

Clearview and Matrix were acquired by Centrepoint and Centrepoint group executive – technology solutions, Tanya Seale, said: “Annual ongoing advice fee consent is an industry-wide challenge and the ability to send the consents electronically from your advice software to the product providers results in a seamless and secure industry solution that drives efficiencies by minimising the compliance and administrative burden on advisers.

“We hope that more product providers will adopt the solution to make it easier for advisers to do business with them.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 5 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks 1 day ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

2 days 21 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
5