Asendium selected by My Dealer Services as preferred technology partner
Financial advice disruptor Asendium has announced it has been added as a preferred technology partner by My Dealer Services, who provide services to more than 250 financial advisers.
Asendium is transforming the way financial advisers deliver advice, through a dynamic platform that creates all required advice documents at the same time, through one instance of data entry. It is designed to eliminate the manual part of advice generation, thereby creating more time for advisers to work with clients and build their business.
My Dealer Services – a consultancy business that helps financial advisers across a range of areas from compliance management to establishing an independent AFSL – provides recommendations to its members on how to drive efficiencies within their practices.
“Asendium will be at the forefront of advice efficiencies, and we are at the forefront of progressive solutions,” My Dealer Services director, Alexander Everard, said. “We know that across the more than 70 AFSLs we work with, advisers are looking for tools that allow them to more directly engage with clients, and technology really has to be that solution. Working with Asendium really is a meeting of minds, ideas and thought leadership.”
My Dealer Services provides AFSL establishment and compliance services to its customers, with compliance also a key benefit of the Asendium product suite.
“Asendium acts as ‘guard rails’ for developing compliant advice, and advisers can generate in-house, next day comprehensive and personalised advice – for a multitude of advice steps including fact finds, strategy papers, file notes and instant statements of advice – in a matter of hours,” Asendium CEO, Scott Miller, said. “We are excited about supporting the My Dealer Services network as they look to use technology to enable the transformation of their businesses.”
“The future of financial advice is not about managing an unwieldly book of clients inherited as part of as large licensee structure. It will be about delivering a more personal and valuable services to clients, and technology allows advisers and their paraplanning teams to create the time needed to build those increasingly valuable relationships.”
Using technology effectively can help financial advisers work with more clients, not fewer as recent trends indicate.
“Importantly, as the number of advised Australians remains static at around 20%, practices using technology efficiently – and with a redeployed paraplanning team providing valuable client relationship development services – will be able to work with more clients, not fewer, with better client relationships than ever before,” Miller said.