Praemium integrates with Xplan
Integrated managed accounts platform Praemium has integrated with Iress to help advisers seamlessly initiate new Praemium applications from within Xplan.
Praemium’s existing paperless application with digital acceptance allowed advisers to invite their clients to accept an application form online, reducing onboarding time.
The need for double entry of client information was removed, which reduced the time it would take for advisers to complete a statement of advice and an application form.
The new integration added to the list of data feeds Praemium offered to improve business efficiency and helped advice firms to create a single platform technology solution.
Mat Walker, Praemium chief commercial officer, said the firm was continually looking for ways to improve their platform usability and to support clients.
“We are delighted to have partnered with Iress to deliver this functionality to our clients and create a highly efficient end-to-end digital application process,” Walker said.
Emily Chen, Iress product executive for wealth, said: “We’re pleased to be able to offer direct account integration between Xplan and Praemium as part of our ongoing focus on increasing connectivity to create a simpler and easier experience for advisers.”
AUTHOR
Chris Dastoor
Recommended for you
ASIC has banned a Queensland adviser from providing financial services for five years after failing to provide appropriate advice that was in the best interest of his clients.
Minister for Financial Services, Stephen Jones, has said it is not a “backdoor attempt” by the government to allow the new class of adviser to provide full advice.
The financial advice industry has seen a net loss after 10 consecutive weeks of net growth in adviser numbers, according to Wealth Data.
Only 11 per cent of financial advice practices have said they are including crypto products on their approved products lists, according to CoreData.
