Midwinter releases new version of Reasonable Basis
Financial advice software provider Midwinter Financial Services has released Version 2.0 of its Reasonable Basis program, which has a number of new features that are available to both new and existing users.
Reasonable Basis is Midwinter’s flagship product and aims to satisfy an adviser’s disclosure obligations under the Financial Services Reform Act by guiding them in justifying their product and strategic recommendations.
Included in the new version is a module that enables advisers to compare and optimise the best gearing strategies for their clients as well as a tool that facilitates the easy transition of books of super business from platform to platform.
Midwinter has also made a number of upgrades to the software, including the ability to link client objectives with the features and benefits of the ‘to’ and ‘from’ fund when super switching, automatic commission disclosure for Statements of Advice and the ability for multiple advisers to use the software from one terminal.
Recommended for you
Three of Australia’s largest financial advice groups have shared their thoughts with Money Management on whether they would include crypto on their approved product lists.
Shadow treasurer Angus Taylor has vowed to introduce a bill to legislate a raft of financial services reforms if the Coalition is elected.
Money Management examines the share price of financial advice licensees over one year to 31 March, with M&A actions in the final quarter having a positive effect for two licensees.
A $3.5 million settlement for victims of Melissa Caddick has been approved by the Federal Court following an initial agreement last December.
