FPA launches fintech assistance

financial planning association FPA people and products fintech technology Dante De Gori

25 March 2019
| By Hannah Wootton |
image
image
expand image

Attempting to offer guidance in the maze of fintech products on the market, the Financial Planning Association (FPA) has launched an online solution to help identify which ones would most improve the profitability and efficiency of planning practices.

The diagnostic tool would quantify the actual costs and time involved in providing advice services and provide a basis for calculating how to price offerings accordingly. It was developed with advice technology producer YTML.

FPA chief executive, Dante Do Gori, said that this would help planners get a clearer picture of the time and costs involved in advice to allow them to choose the tech solutions that would benefit them most, noting that fintech had and would continue to transform client/planner relationships.

He also pointed to the benefit of understanding practices’ processes in the current environment of increasing costs and regulation.

The tool would provide data to the FPA that it planned to use to help planners benchmark their business costs and efficiencies against their peers.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Interesting. Would be good to know the details of the StrategyOne deal....

4 days 3 hours ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 2 days ago

increased professionalism within the industry - shouldn't that say, FAR register almost halving in the last 24 months he...

4 weeks 1 day ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 4 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

3 days 1 hour ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

2 days 4 hours ago