InvestTech 2019 showcased a number of leading fintech companies that are offering cutting-edge solutions to financial advisers and advice practices. The following showcases three of these companies.
Advice Intelligence (a.i.)
Advice Intelligence (a.i.) is a cloud-based software platform that enables advisers to explore and co-create financial advice together with their clients.
a.i. is a complete online goals based financial advice platform. The only software of its kind, a.i. brings together all the essentials to transform the advice process for both the adviser and their clients.
From campaigns to compliance, a.i.’s intelligent CRM streamlines every aspect of the financial planning process, giving advisers more time to take care of what matters most: their client relationships.
a.i.’s interactive WealthMap™ allows clients to easily understand and visualise their financial journey – and take an active role in defining their future.
a.i. is an enterprise cloud-based platform. With a leading team of software engineers, PHDs, analysts, actuaries and behaviour scientists, it aims to improve the way advisers work, and to make goals based advice more accessible to Australians. For more information, go to www.adviceintelligence.com
Ontoma
In 2019, Lifewealth, in conjunction with technology specialists Dexterous, launched its financial services software solution – Ontoma – with the stated goals of making compliance management simpler for all financial services firms in Australia, while supporting improved communication and access to information for clients in real time and with greater transparency.
Ontoma is a software response to relieve the compliance burden following the Royal Commission’s recommendations that indicate financial services licensees need to work harder to demonstrate value for their clients and deliver greater transparency.
The streamlined solution allows advice practices, from self-licensed firms to institutionally aligned businesses, to manage FoFA compliance requirements at a glance like never before.
Ontoma has been developed to help manage compliance obligations and establish best practice frameworks for delivering regulatory outcomes, while also enhancing the client experience. By automating advice practice processes, Ontoma helps to reduce the time-consuming burden of compliance administration.
Ontoma is Australian-owned and developed, with all data being stored on Australian servers. For more information, go to ontoma.com
iFactFind
iFactFind is an open architecture solution designed to be used in collaboration with an adviser’s existing financial planning software.
iFactFind provides true database capability into your client data collection. The smart use of data feeds and APIs mean that there is no need for reverse fact finds prior to client reviews – in fact, advisers are able to ‘snapshot their client’s current situation each time they provide advice and have that stored for compliance purposes at the push of a button.
Rather than simply waiting for the information, the adviser has live access to what the client has completed. Client information is gathered collaboratively, so that the ‘helping’ relationship commences early in the relationship.
iFactFind allows advisers to know what is outstanding, who is committed to completing (and whose commitment is waiving), and when to schedule SoA production – all via the adviser dashboard.
Additionally, any details the adviser obtains can be directly entered into the client file – on the go. For more information, go to ifactfind.com.au