Software to ‘bake-in’ compliance standards: Decimal
Financial advisers and dealer groups will be able to track and record every client interaction they have, to ensure compliance standards are being met, with the roll-out of a new IT solution, Decimal Softwar Limited claims.
Decimal executive chairman, Michael Sertorio, said the launch of its services would enable advisers to fully integrate online marketing and client engagement, CRM, workflow and provide instant statements of advice documents to clients.
The software provider said it aimed to bring "enterprise-grade solutions that will transform the way personal financial advice is delivered and its economics," to Australian Financial Service licensees, while reducing compliance risk.
"Consistent with our strategy communicated to investors earlier in 2014, we are now accelerating our delivery of products to the market that will provide advisers a new way to grow their business whilst solving the existing complexity associated with compliance management," he said.
"We expect the uptake of these solutions to add further momentum to our growing customer base signing up for new capability."
AUTHOR
Nicholas O'Donoghue
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
