XPLAN continues to dominate adviser space

XPLAN/investment-trends/adviceos/advice-intelligence/Michael-Blomfield/Royal-Commission/

17 April 2019
| By Mike |
image
image
expand image

XPLAN continues to dominate the Australian planning software market, even though the landscape is changing, according to the latest survey data from Investment Trends.

The Investment Trends research revealed that XPLAN had maintained its market leadership in Australia for a twelfth successive year achieving a top score in 29 of the 34 categories measured by the specialist research house.

However, the report also found that while the vast majority of planners use XPLAN, COIN, AdviceOS, or AdviserLogic as their main advice delivery applications, competition is increasing.

It noted that, more recently, three new planning applications – CCUBE Integrated Wealth, Advice Intelligence, and Plutosoft – were delivered to market.

Commenting on the development, Investment Trends chief executive, Michael Blomfield said advisers now have more options than ever catering to a diverse range of planning practice business models, helping improve every aspect of the advice process from client onboarding to ongoing engagement.

“These new third generation Australian planning applications reflect the shift to a goals-based advice process in tandem with the need to deliver enhanced process efficiency and compliance automation. The release of these comprehensive advice solutions present advisers with alternatives to the traditional propositions,” he said.

Blomfield said that in 2018, planning application development focused on implementing legislative changes to superannuation, improving adviser usability, and preparing for a post-Royal Commission financial advice landscape.

He said the shift from modular advice process functionality continued to gain momentum with planning applications turning their attention to business and practice management, goal-based client discovery processes, and improving usability.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 1 week ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks 1 day ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

2 weeks ago

One licensee has lost 27 advisers in the past week, now sitting at zero, according to the latest Wealth Data figures....

3 weeks 1 day ago

TOP PERFORMING FUNDS