Decimal signs Centrepoint for digital advice solution
Decimal has announced that it will supply digital advice services to salaried advisers working within the Centrepoint Alliance (CAF) group.
Money Management revealed last week that CAF would conduct a trial of digital advice solutions with salaried advice business Alliance Wealth & Protection, with CAF managing director John de Zwart declining to name the provider at that time.
Decimal has described the provision of its digital offering as "a commercial services contract to provide advice and compliance solutions" as part of a pilot with Alliance Wealth & Protection with de Zwart stating last week it would provide simple risk and superannuation needs for entry level clients.
Decimal, chief executive Australia & New Zealand, Carolyn Colley said the agreement with CAF was important step for Decimal in that it provides an opportunity to work with one of the largest non-institutionally owned financial planning organisations.
"Having such an important player in the sector leverage our products is an important validation of our technology and its capabilities. As part of the Company's strategy, Decimal continues to seek further commercial partnerships and channel partner distribution agreements in the Financial Services advice market."
Colley said CAF has chosen the Decimal platform because it could offer mass market advice functionality and could also also automate the advice implementation and compliance process an area which De Zwart mentioned was occupying too much time for CAF advisers.
The agreement with CAF follows an announcement by Decimal recently to offer its platform through P&N Bank, which is the largest mutual bank in Western Australia.
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Jason Spits
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