Astute Wealth Advice and Lumiant reach agreement over copyright concerns
Advice platforms Astute Wealth Advice and Lumiant have reached an agreement over copyright concerns regarding Lumiant’s Confidence Questionnaire.
Astute Wealth Advice sent a cease and desist after it alleged it copied AstuteWheel’s 5-Minute Financial Health Check.
Hans Egger, AstuteWheel managing director, said: “In response to the concerns raised in our letter, I am pleased that Lumiant has complied and has removed all offending material from its platform and has agreed to disable all third-party access to the Questionnaire, delete all electronic records of it, inform all clients of the breach and desist from reproducing AstuteWheel’s 5-Minute Financial Health Check. Lumiant has fully co-operated with us, and we now consider the matter closed”.
Lumiant had no further comment on the matter.
Recommended for you
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
Morningstar has made two business development appointments to drive the growth strategy of its financial advice software, AdviserLogic.