InvestorWeb signs deal as split is finalised
Online financial services group InvestorWeb has signed a contract to provide its VisiPlan software to all planners working under the Partnership Planning dealer umbrella.
While Partnership Planning, a member of the international ING Group has been progressively rolling out VisiPlan since March, the signing represents the final stage in the deal to extend the financial planning software throughout the entire group.
Partnership Planning assistant general manager, David Love says the rollout of VisiPlan across the group’s network emphasises its commitment to providing quality tools and business systems to its advisers.
According to InvestorWeb’s chief operating officer for business development Tracy Dutt the financial planning software was created using a “bottom-up” approach to product development that puts understanding the day-to-day needs of the planners first.
The Partnership Planning deal is a welcome shift for the InvestorWeb group, which has been obscured by a dark cloud for the past few months following the split with its funds management arm Investors Mutual last month.
The split between the two groups was finalised last Friday at an extraordinary general meeting. At the meeting, InvestorWeb shareholders voted to dispose of the Investors Mutual funds management arm in return for the cancellation of 35.5 million share options.
Shareholders also approved of a change in the share option plan, lifting the limit of share capital in InvestorWeb that can be committed to options from five per cent to 10 per cent.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
