Adviser Logic has recently launched a mobile App. The App is available for Apple products, androids, phones and tablets. Daniel Gara, AdviserLogic head of development said “We have recognised the importance of mobility for our clients when they are dealing with clients. Our App enables our clients to view their client files as well as creating them while on the go. You can add file notes even when you aren’t in the office. You can also access your AdviserLogic diary to check where you should be for your meetings.”
This allows advisers to access their AdviserLogic site, meaning that anything that could be done in the office, can now be completed on the road.
Check the Appstore and GooglePlay for “AdviserLogic Mobile”.
AdviserLogic has upgraded RiskLogic; its life insurance quoting and comparison module. RiskLogic now has a redesigned interface and a new research data provider, Rice Warner. Daniel Gara, AdviserLogic head of development said “We now include data on group insurance, industry fund insurance, platform super insurance and we can compare to legacy policies that includes what benefits are gained or lost.”
These enhancements will allow advisers to provide reliable and qualitative information to their clients to compare different products. The ease of using the tool and improved analysis has helped bringing out quick and better results, helping the company gain more trusted users.
For the second year running, AdviserLogic has taken home the Ease of Use (Software) Award in the Investment Trends May 2015 Planner Technology Report (the Report). This year AdviserLogic also scored the Best Value for Money (Software) Award and registered the largest increase in planner satisfaction between 2014 and 2015.
“Financial planners are placing a premium on usability,” said Recep Peker, Head of Research for Wealth Management at Investment Trends. “They want to spend as much of their time facing clients as possible, both for acquisition and retention, and as a result want systems that are efficient and save them time.”
AdviserLogic Managing Director, Gundeep Sidhu, believes AdviserLogic’s pragmatic approach to software development is what makes it so easy for advisers to learn and to use.
“We also scored highly in the Report in terms of Customisability and User Interface and we believe this reflects the way we develop software,” he says. “In the development phase, we think about how advisers will actually use the software. We consider not only what will make their businesses more efficient but also what will help facilitate relationships with their clients. Customer relationship management is at the core of the software and all functionality is built around it.”
Mr Sidhu also says AdviserLogic understands that many advisers are small business owners and value for money is important for them.
“Small business owners face many challenges and costs are one of them,” he says. “We are therefore very pleased to be recognized as providing advisers the best value for money in adviser software.”
The Investment Trends May 2015 Planner Technology Report is based on an online survey of 892 financial planners.
We’re very excited to announce the launch of AdviceSimplicity! AdviceSimplicity is a sister business of AdviserLogic and is dedicated to serving your outsource and consulting needs. This way, you get to spend time doing what you love.
AdviceSimplicity gives you access to Australian-based paraplanning services (overseen by a CFP) as well as data-entry and other administrative services.
The consulting branch will work with you to develop business processes and implement them (through document templates, task workflows and other aspects of AdviserLogic).
OnPay, an innovative cloud-based revenue management platform has been launched to help Australian licensees and advisers take control of their fee and commission data in the new world of increased disclosure requirements.
Developed by the same team behind AdviserLogic software, which has over 50 years combined experience in financial services and technology solutions, OnPay was built from the ground up and has the ability to customize the needs of both large and boutique Australian Financial Services Licensee (AFSL) business structures.
OnPay product manager, Gundeep Sidhu said the resulting system is flexible, transparent and intuitive and can grow and adapt to changing business needs.
“We believe OnPay takes revenue management to new heights,” Mr Sidhu said. “The increasing burden on licensees and advisers in terms of fee disclosure requirements and potential new regulatory requirements, means OnPay will become increasingly more important to the sustainability of licensee and advice businesses.”
OnPay enables licensees and brokers to quickly and efficiently process fee and revenue data, generate informative reports and metrics and distribute income regularly. It allows licensees and brokers to consolidate fee data from dozens of sources.
“With requirements looming around continuous disclosure fees and revenue, we believe having cloud-based, easy-to-use and reliable software to manage payouts will become essential,” Mr Sidhu said.
OnPay collects information from insurers, managed funds, platforms and loan products, and systemises the process of determining where fees are to be paid to enable all parties to navigate it at the one location and ensure accuracy of data.
“The task of revenue management is an administrative requirement but it is also about generating continuous business analytics. Efficiency, specifically around uploading and extracting data, is therefore at the heart of the system.”
Phaedra Hackles has been promoted to manage the distribution of OnPay. Ms Hackles has been with AdviserLogic for more than six years and formerly headed up sales at AMEE Group, where she was responsible for the Easy Dealer/EasyRevenue product.
AdviserLogic gets a lot of datafeeds – you can see the list here. We reconcile them daily to ensure that they’re accurate and are giving you and your clients access to the quality of information you require for good decision making. However, for some things, we need your assistance. So we’re making it a little easier for you to help!
At the top of your AdviserLogic screen, you may notice a little number over the datafeeds icon. You can see images of it in unclicked and clicked states:
The idea here is that we’re prompting you to do the things that we can’t do automatically. There are two ways you can help:
1. If we are getting an error message from the platform, it means you’ll need to get updated datafeed credentials from the platform and plug them into AdviserLogic. Instructions can be found here.
2. Although we automatically map datafeeds to client accounts if name and date of birth match, we need you to map the rest. So you can see in the image above that a pretty good start has been made, but there is a little further to go!
We’re working on getting you more feeds, by the way. If there is another one that you’d like, feel free to let us know.
We’ve taken recommending superannuation rollovers to the next level of cool. OK, so it wasn’t on the first level of cool…and may still not even be on the ladder…
However, we’ve made it incredibly fast and easy to recommend a superannuation rollover through AdviserLogic.
We have assumed you will:
recommend rolling over all existing funds
recommend the same platform each time (one for small balances another for large – you set the threshold)
use model portfolios that match risk profiles
However, you can always
deselect some of the funds or reduce the amount being rolled over
select an existing fund or a totally different one
select a different model portfolio, edit an existing one or build a totally new portfolio
Once you’ve confirmed you’re ready to go, it will load all of this information into SuperLogic (our super comparison tool based on SuperRatings research data) so you can compare features and fees (including underlying assets).
Next step is to produce your Statement of Advice. Super Easy!