Financial Advice Online
Talk to us about our Financial Planning and Financial Advice software for Australia and New Zealand that is scalable to the International Market.
After 10 years of developing financial planning software, Plencore Wealth Ltd, the creators of Financial Mappers, introduces a unique streamlined product.
"Advice Online is suitable for companies who are Financial Advisers, Qualified Advisers, Superannuation Funds, Banks, Insurance companies, Wealth Platforms, and those in the Financial Literacy space."The product has been customised for Australia and New Zealand.By selecting country specific Tax and Retirement Account rules, this product is scalable to the International market.
Glenis Phillips SF Fin,
Director
A True Multimedia Financial Advice Experience
The dashboard provides 8 dials and an additional three interactive reports (Plan Map Illustrated, The First 5 Years and a Debt Management Summary).
The Fact Find includes an easy-to-complete table of information about their investments, homeownership and all their retirement accounts.
A further 10 PDF style reports, including the Insurance Needs Evaluation that can be completed by the client and returned to the adviser in the Client Connect Portal.
Simple Good Advice
Quality of Advice Review
The Quality of Advice Review recommends changes to the legislation that would provide Australians with high quality, affordable and accessible advice.
Our cutting-edge technology allows organizations to deliver simple, good advice to all Australians. It embraces the philosophy of Michelle Levy’s recommendations in the Quality of Advice Review.
Now the Financial Services Industry can fulfil the financial needs of all Australians. For most, all they require is guidance from a person licensed to provide “Good Advice”. This could simply be a road map to the future.
The Government has reviewed Michelle Levy’s recommendations and in early June released its first Government Response to the Quality of Advice Review on 13 June 2023.
On 7 December 2023, it was announced a new category of adviser called a “Qualified Adviser” who could provide Simple Advice.
The provision of advice was extended from Superannuation Funds to Banks and Insurance companies.
While they are expected to provide Simple Advice by Qualified Advisers, the standard of professional qualifications has not been established.
The government has not released its requirements for an Advice Document.
But it has indicated that it expects the Statement of Advice to be replaced with a much simpler document called the Advice Record.
Financial Advice Online
Financial Advice Online ensures that all sensitive information passed between adviser and client is within the client’s encrypted portal where a record of all communication is maintained.
NB: Each platform is fully customisable.
1. Consumers purchase digital financial advice from the Company’s website.
2. The client completes a Fact Find and notifies the adviser.
3. Based on the client’s objectives, and other information provided in the Fact Find, the adviser optimizes the financial plan, adding limitations and recommendations to automatically generate an Advice Document.
4. All stages of the process are stored in the client’s portal, where the client can view the details of the financial plan, and the Advice Document, together with educational content.
5. When completed the adviser publishes the advice. The client then logs into their portal and reads the Advice Document. In addition to this, the client has three multi-media interactive reports and an additional ten reports the client can download if required.
6. It is intended that this low-cost advice document will lead the way for the adviser to suggest additional advice should be considered for which the client would pay additional fees. For example they may require assistance with obtaining better loans, help with choosing financial products or insurance advice.
Financial Advice Online
An Adviser Ratings survey found:
4-in-5 40s and early-50s told us they wanted financial advice but did not have the capacity to pay for it. The figures were similar for retirees aged 75 and above.
Advice Online enables the adviser to service people wanting financial advice at a price they can afford, while the adviser grows their business.
Advice Online enables Superannuation Funds, to provide advice to their members. However, they are waiting for confirmation of the type of advice they can give and the educational requirements of those giving rhe advice.
Financial Advice Online
Glenis Phillips, the designer of Advice Online will consult personally with each person interested in using the software for their company. Find out how Advice Online can grow your business.
This software is for the exclusive use of companies holding a New Zealand or Australian Financial Services Licence for Financial Advisers or Credit Licence for Mortgage Brokers..
Only persons with the correct authorization can use this product.
It is anticipated that Dealer Groups or Financial Institutions will organize one platform for all their advisers. However, larger financial planning groups, may elect to create their own platform.
Each company will be responsible for deciding all the parameters of the advice, including specific exclusions, together with the cost of each advice product which is paid online prior to delivery of the Advice Record and supplementary material.