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
While the August financial advice exam saw a lower pass rate of 62 per cent compared with 70 per cent in previous sittings, this expert believes it’s for a positive reason.
With the FY24 reporting season behind us, five major financial advice licensees are looking to achieve growth either through inorganic activity or internal expansion.
An alleged involvement with an insurance claims business has led the Federal Court to vary the orders of a banned adviser to add the threat of jail time.
The investment platform has announced several improvements, enabling advisers to create more bespoke solutions for clients as well as further exclusion options.