financial planning

Jul
06

Optimo introduces robo platform

Optimo Financial is releasing its online financial modelling solution for advisers as it aims to make the provision of goals-based advice more seamless. The Optimo Pathfinder personal finance modelling system is now available to dealer groups, financial advisers and paraplanners, using an algorithm developed with a goal orientated approach. In a statement, Optimo said the solution will optimise clients’ financial strategy to best achieve financial and life goals, accounting for tax and superannuation legislation, family tax benefits, the Age Pension and a host of other factors including the client financial status to develop its strategies. Optimo Financial chief executive Hugh Bannister said: “We believe there is a market niche for […]

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Fortnum Financial Advisers partners with Moneysoft

Moneysoft will provide its digital money management solution to Fortnum Financial Advisers under a new partnership set to boost client engagement and provide greater insights across the advice process. Fortnum will provide the co-branded Moneysoft tool to advisers across its full network, enabling them to empower clients and bolster their financial wellbeing. Fortnum’s Practice Technology Manager, Cassandra Mackay, said Fortnum are excited to provide our Adviser Network with a tool to engage their clients in budgeting and cash flow.” “This is a great opportunity for an adviser to partner with their clients to achieve their financial goals.” Moneysoft Pro and Lite are both cloud-based digital solutions offered by the company, […]

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Jun
30

Tom Culver of Goodments wins inaugural EY WAMTech PitchFest

Tom Culver, CEO and Co-Founder of Goodments, has been named as winner of the inaugural EY WAMTech PitchFest for his innovative FinTech solution in response to the problem statement of how to simplify the process for financial advice within the wealth and asset management (WAM) industry. Culver took out the top award among stiff competition from the group of five short-listed finalists at a special event held in Sydney last night.   Supported by the Financial Services Council (FSC), the PitchFest called on FinTechs to help revolutionise the Australian WAM industry by designing innovative technology-based solutions to some of its biggest challenges, as identified via a survey of senior executives […]

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Jun
27

Australians embrace FinTech as adoption rates double in just 18 months

Digitally active Australian consumers are embracing FinTech at a rapid pace, with Australia now ranked fifth highest in FinTech adoption among 20 markets surveyed globally, according to the latest EY FinTech Adoption Index. China has the highest level of FinTech adoption globally at 69%, followed by India (52%), the UK (42%) and Brazil (40%), with Australia (37%) rounding out the top five. The study, based on 22,000 online interviews with digitally active consumers across 20 markets, including Australia, shows that FinTech services are poised for mainstream adoption on a global scale with an average of one in every three (33%) digitally active consumers now using FinTech. EY FinTech spokesperson, Rowan […]

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myprosperity and BGL announce integration to provide real time access to a client’s entire financial world

myprosperity, the market leading financial collaboration platform for accountants and advisers, is proud to announce it has completed integration with BGL’s Simple Fund 360, the market leading cloud SMSF solution, to provide a holistic view of a client’s financial world.   myprosperity and BGL Simple Fund 360 clients will now benefit from the ability to see their entire financial world in real time and on any device. This means clients have just one platform, provided by their trusted adviser, to view everything from their property, motor vehicles, bank accounts, credit cards and their SMSF.   Accountants and advisers can seamlessly link their client’s Simple Fund 360 ledgers and myprosperity accounts […]

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Jun
10

Robo-advice finds market in digital-savvy older investors

Hey robo-advisers … You’re looking the wrong way! Millennials have no spare money and don’t care about investing just yet — but older Australian investors are more than ready to play. One survey after another in the US shows older investors are ­actually super keen to examine low-cost digital-based financial services. And closer to home, it’s worth pointing out that a recent survey from the SMSF Association revealed a higher portion of Australia’s one million SMSF operators were willing to try robo-advice than the general public. No doubt this emerging reality has not been lost on the kingpins of Australian finance — the banks. Earlier this week, NAB funds management […]

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InvestmentLink expands leadership team, targets wealth management education

InvestmentLink, Australia’s largest financial data source, is pleased to announce the appointment of Owen Joyce as the company looks to further develop solutions to assist financial planners, accountants, bookkeepers and mortgage brokers better engage with their retail audience. Owen has two decades of experience in senior sales and general management roles, mainly in the training and education sector, and joins the business as Chief Commercial Officer. He will be using his experience to help InvestmentLink develop CashDeck and other initiatives designed to encourage individuals to better use technology to learn how to manage their money. “CashDeck can help people effortlessly understand their spending habits and know at any given time […]

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May
26

YTML: Focus on what you can change

Advice solution and tech provider YTML is calling on advisers to extract more value from their relationship with their software by working in partnership with it. YTML is software agnostic, working with a range of software providers so as to deliver the best solutions to the adviser or licencee. YTML CEO Kevin Liao said it is in this capacity as problem solvers for their advice clients, that they often hear frustrations about the software. “It is a common problem in our industry, that with limited training, many advisers aren’t equipped in understanding how to get the best out of their software. A little bit of knowledge can be a dangerous […]

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