COIN upgrade focuses on corporate actions
COIN has released the latest version of its financial planning software, which now includes corporate actions and gives advisers more control over the actions they apply and when, streamlining the administration process, according to COIN.
COIN Office 3.6 also features improvements around supporting the advice process, data integration, efficiency and usability, COIN stated.
It features enhanced transition to retirement modelling, with the ability to set an end-date for account-based pensions and retain existing components on commutation, allowing easier modelling for pension update strategies.
Advisers can also now more easily incorporate client tax information in Statements of Advice (SoAs).
In terms of data integration, COIN Office 3.6 features additional products for MLC, IOOF and Oasis. It also now includes brokerage in the Lonsec Securities data integration service, allowing advisers to import and report on brokerage for purchases and redemptions downloaded for their Lonsec Securities clients, COIN stated.
The head of product and technology for COIN, Robert McCabe, said the launch of COIN Office 3.6 brings advisers the opportunity to further streamline their business processes.
“Through the launch of COIN Office 3.6, we have focused on areas like improved modelling, enhanced SoA templates and expanding our data integration services, all areas that advisers are telling us would make their day-to-day tasks much easier,” he said.
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.
