FSP goes with XPlan enhancements
Financial Services Partners (FSP) has launched a series of enhancements to its XPlan product which it claims are aimed at assisting financial advisers deliver more comprehensive written advice to their clients while at the same time improving practice productivity.
The company said the enhancements include a new Statement of Advice (SoA) XPlan Wizard which incorporates more than 80 advice strategies across 19 areas of financial advice, including debt management, gearing, self-managed super funds, aged care and life insurance.
It said the Wizard contains clear advice strategies to enable financial advisers to more effectively communicate their recommendations to clients with this being supported by client-friendly graphs and diagrams, and educational material on a range of financial planning topics.
Announcing the enhancements, FSP chief executive Charles Smith claimed the new Wizard would deliver on the group's ongoing commitment to help financial advisers provide quality advice for their clients.
"The new SoA Wizard will provide advisers with clearly defined strategies that support the basis for their advice," he said. "It will also reduce the time it takes to prepare the SoA and the size of the SoA."
The company also flagged the launch of a Review Snapshot Wizard, which will include client snapshots, economic updates, detailed investment commentary and additional financial projections.
"Our Review Snapshot Wizard has been designed to make our advisers more efficient come review time and reduce the manual workarounds often associated with producing reports," Mr Smith said.
"This means our advisers can focus on what is most important, providing the best strategic advice thinking to their clients' needs."
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