Sealcorp boosts adviser offerings through Wealthpoint
Sealcorp has increased the links it has with St George stablemateWealthpointby announcing that it will introduce the latter’s online practice management tools to the 450 advisers working under theSecuritorandPactdealer group banners.
The move was announced as part of a raft of changes announced at the two groups’ annual conference held in Bali last week which also included the roll out of simplified financial plans which focus on single investment needs only.
The Wealthpoint tools, which include online managed funds information and range of modelling tools, calculators and illustrators will be available to Securitor and Pact advisers through adviserNET, the group’s inhouse portal.
Key features include a retirement aims calculator that analyses a client’s goals and generates recommendations at the product level as well as a Centrelink calculator covering the range of pensions and allowance.
The simplified financial plans, to be known in the group as Placement Advice Plans will provide a single purpose plan designed to deal with a single investment need, according to Sealcorp associate director Tim Gunning.
The plans would be much shorter than a full financial plan and clients can sign off on the plan and have the business placed in a single visit.
“We are not discouraging clients or advisers away from writing full financial plans but they are an alternative to clients who do not want or need a full plan,” Gunning says.
So far Sealcorp has already rolled out facilities for planners to write Placement Advice Plans in the area of superannuation rollovers and will add superannuation year-end contributions later this month, to be followed by lump sum investments and savings plans in May and June, respectively.
Sealcorp says the development and addition of the single focus plans and the online financial planning tools are consistent with a larger industry trend towards whole of wealth management solutions.
AUTHOR
Jason Spits
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