Xplan tops competition
Xplan has beaten its competition by ranking first in an independent review of Australian financial planning software.
Investment Trends’ annual “Planning Software Report” ranked the leading players in this field based on their functionality, determining Xplan showed best practice in four of the seven areas assessed — specifically, integration, practice management, portfolios and reporting, and an equal first in plan production.
The success follows its earlier top ranking for overall usefulness revealed in Investment Trends’ 2006 “Planner Technology Report”, which examined the usage of technology by planners and paraplanners.
Speaking on the review’s results, Mark Johnston of Investment Trends said Xplan had developed the most features for minimising the amount of manual editing required when producing a Statement of Advice document.
“Xplan also provides very flexible workflow, task and alert features for coordination and practice management,” he added.
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.
