Midwinter and AIA team up
Midwinter Financial Services has announced that its advice software has been selected by AIA Australia for their new advice business Financial Wellbeing.
Financial Wellbeing would offer solutions for life and health insurance, superannuation and wealth advice.
AIA said it had selected Midwinter’s software due to the fact it required minimal customisation to meet their requirements given that AIA Financial Wellbeing were operational on the software following an implementation of just over four months.
Chief commercial officer of Midwinter, Steve Davison, said “We’re proud to have been selected as the financial advice software partner for AIA Financial Wellbeing. This is a testament to the completeness of our advice software and vision, and our team’s ability to implement the software quickly and effectively.”
“Midwinter has been easy to work with and their comprehensive and configurable software has helped us quickly stand-up our new advice business. We’re excited about the partnership and Midwinter’s ability to support our goal of enhancing the financial wellbeing of Australians,” added chief executive of AIA Financial Wellbeing, Pina Sciarrone.
AUTHOR
Oksana Patron
Recommended for you
Sequoia Financial Group has declined by five financial advisers in the past week, four of whom have opened up a new AFSL, according to Wealth Data.
Insignia Financial chief executive Scott Hartley has detailed whether the firm will be selecting an exclusive bidder for the second phase of due diligence as it awaits revised bids from three private equity players.
Insignia Financial has reported a statutory net loss after tax of $17 million in its first half results, although the firm has noted cost optimisation means this is an improvement from a $50 million loss last year.
With alternative funds being described as “impossible” for fund managers to target towards advisers without the support of BDMs for education, Money Management explores the evolving nature of the distribution role.
