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!
Cancer – Leukaemia
Cancer – Melanoma
Cancer – Prostate
Carcinoma in situ – Breast
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Carcinoma in situ – Ovary
Carcinoma in situ – Penis
Carcinoma in situ – Perineum
Carcinoma in situ – Testicle
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Carcinoma in situ – Vagina
Carcinoma in situ – Vulva
Christmas is just around the corner. But don’t panic, I’m sure you’ve achieved plenty this year. Let’s achieve just a little more. Here are five things you can do to support your business before Christmas.
Thank you for your support throughout 2014. We wish to advise that our Support Team shall be on holidays from the 24th of December and shall return on the 5th of January.
If you require assistance during that period, you can still email firstname.lastname@example.org. However, you should expect that we will only respond to urgent queries and response times will be longer than our usual service standards. We will also be conducting a significant infrastructure upgrade over Christmas Day and Boxing Day and expect that during this period, there shall be some application downtime.
The last week has been a difficult time for Australians – especially Sydneysiders. We’d like to take this opportunity to wish you well over the holidays and that we should all have a peaceful 2015.