Planners sign for InvestorWeb software
Online financial services group InvestorWeb has signed a deal that will roll out its new web-based financial planning software to more than 100 advisers.
InvestorWeb chief executive officer Otto Buttula says the software development and licensing agreement signed today is with a large Australasian financial planning group, and a first for the newly developed product.
"We can't say who it is at this stage but it's a major group with 100 plus advisers and this is the first commercialisation of the brand new software," he says.
With the split from Investors Mutual still to be finalised, InvestorWeb has continued focusing efforts on its range of financial advisory software. Buttula says the group has been looking into the integration between its desktop software Visiplan and the web-based product, and feedback so far has been good.
"This is a better and higher growth area for us, and this [deal] indicates that strategy," he says.
Buttula says the deal is expected to be completed by the end of December and InvestorWeb expects similar deals in the near future.
"We are confident that over the next six months we will announce other deals," he says.
AUTHOR
Nicole Szollos
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