Launch of online financial software
A new financial planning tool has been launched online, providing financial advisers with a suite of tools designed to reduce the amount of time they spend on client administration.
The website was launched by financial technology company Decimal and provides financial advisers with automatic client data drawn from the Australian Bureau of Statistics, such as age, salary and census information, thus reducing the amount of time advisers spend on the initial ‘fact find’ stage of collecting client information.
The adviser can then modify the data to fit each client and use the data to tailor different investment portfolios for each client, which the adviser can generate automatically through the website.
The adviser can also use the website to produce Statements of Advice.
The managing director of Decimal, Jan Kolbusz, said that the launch of the website, also named Decimal, was a leap forward for the industry.
“Today’s launch of the Decimal website is a much-anticipated milestone, representing thousands of hours of development work,” he said.
“The interface was specifically designed with user-friendliness in mind and we’ve incorporated Australian Bureau of Statistics data to pre-populate our system. This way, advisers receive a pre-populated ‘average picture’ of any client as a starting point, rather than an endless array of empty data fields,” Kolbusz said.
“We believe the rich functionality and intuitive technology behind our website will revolutionise the speed, efficiency and delivery of high quality financial advice in Australia,” he added.
The website is free to all financial advisers.
AUTHOR
Benjamin Levy
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