Matrix and ClearView adopt Iress advice fee consent solution

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.

VIEW ALL

View all

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.”