Coin cuts the flab
Coin Financial Software has launched a simplified version of its signature risk-writing package in response to client demand for simpler and more cost-effective software solutions.
The new package, Risk Lite, is essentially a condensed version of the Macquarie Bank-backed company’s Coin Office software and, in managing director Darelle Jenkins’ opinion, is particularly well suited to smaller firms and risk writing teams within larger firms looking to keep their costs down.
Jenkins said the new package enables the risk writer to quickly and easily identify a client’s particular insurance needs and the products that meet them.
She said Risk Lite, which is accessible both on and offline, offers comprehensive qualitative and quantitative research for more than 100 term, trauma, total and permanent disability and income protection products and includes a number of time-saving features such as a tool for producing a Statement of Advice.
“Risk writers told us that they often didn’t need all the features Coin Office provided … We have responded by developing Risk Lite, which … provides needs analysis tools to establish the level of cover needed, customised reporting, client information storage and integration with other models in the suite, minus the additional applications more suited to a financial adviser.”
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
