Lumiant adds fact find module

Lumiant/Santiago-Burridge/

27 July 2021
| By Chris Dastoor |
image
image image
expand image

Software supported advice platform Lumiant has launched its new ‘Your Life’ module to help with the fact find process.

Your Life used a short survey to understand what life outcomes a client would deem a success, following their engagement with a financial adviser.

It was a free module for Lumiant customers available through the Lumiant platform from today, and advisers were able to send the survey to their clients.

Santiago Burridge, Lumiant chief executive, said the fact-finding process was due for an overhaul.

“We have been repeatedly told that a fact find is what you have,” Burridge said.

“But our research is telling us that uncovering how people feel is much more important, as we can influence, measure and anchor our experience in what we value.

“Working with advisers, we decided to reimagine our process to let clients scope their success against what they truly value in life. Revitalising a process in much need of an upgrade.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 1 week ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 2 weeks ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

3 days 5 hours ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

2 weeks 4 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

4 weeks ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
5