Collins launches online document hub
Headof the Tom Collins Consultancy, Tom Collins, has launched an online document management hub called Offerdox.
Offerdox will provide fund managers with a portal for publishing, storing, maintaining, archiving and securing any document they want to make available online.
According to Collins, maintaining online documents is an increasingly complex task. The number of documents fund managers need to have available online, combined with the added complexity of multiple versions of any particular document, makes the whole process a headache, he says.
“As the industry moves more online and towards achieving efficiency in standard processes, Offerdox provides managers an easy way to maintain their online documents. It also provides dealers and advisers an easy way to access documents online,” Collins says.
Offerdox is aimed squarely at this niche, claiming to be capable of delivering online document maintenance more cost-effectively than in-house management.
While documents are stored on the Offerdox hub, they are only accessible for alteration by a fund manager’s authorised staff. Planners, dealers, researchers and other interested parties are not able to tamper with documents that they download and the hub will only allow the absolute latest version of a document to be downloaded or accessed.
Offerdox is also aiming to become a one-stop shop for intermediaries, allowing them to access forms from many fund managers.
Automatic form population can be set up by dealers and discount brokers, as can authorisation levels for advisers and researchers.
Recommended for you
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
With only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.