XplanTechnology has launched a full suite of financial planning tools based entirely on the Internet, making it the second group to do so after IWL placed part of its marketing leading software, Visiplan, online as Visiweb.
The Xplan system will work across a range of computer systems and networks and is not dependent on third party software to operate. However, Xplan director Andrew Walsh says planners will not have to relinquish control over client files, as they will remain with the systems of the dealer group and not with the technology provider.
The system is already in use with two planning groups, Matrix and Infocus Securities in Queensland, with the group planning for a full scale roll out of the planning tools this month.
Xplan will offer two levels of usage, with point of sales tools for stand-alone products such as retirement and gearing, as well as full planning tools.
Model portfolios will also be available and tied to dealer group recommended lists and client’s risk portfolios with risk profiling supplied through a deal struck with Proquest.
The planning tools have also been designed to tie in with master trusts and wrap accounts and a deal has also been signed with Boss software to integrate the two systems for those planners working with risk insurance.
Xplan has set a target of at least 1,000 users in the local market who will access the system through a subscriber driven revenue model.
