Document automation company Nod said it has developed an extension for the Google Chrome web browser that collects data from any software and puts that data into a document without the user having to leave the website they were using to develop their advice.
Nod said the capability enables the adviser to use a range of best-of-breed software platforms for each stage of their advice process, leaving them confident in the knowledge that they can seamlessly deliver the data from those systems into a compliant statement of advice.
Further, it said its Web Clipper collects data from applications including Iress Xplan, Salesforce, Hubspot, Midwinter, Purplebox, Morningstar and Netwealth, with the technology built to collect data from any application accessed via the Chrome web browser.
“We built the Nod Web Clipper to solve a problem that has held financial planners back for years: which is to get all the next-generation systems used in the advice process to send their data to a statement of advice,” said Nod chief executive Joel Robbie.
“In my view, it’s been a real barrier to innovation in the advice technology space for a long time.
“Now advisers can achieve all the efficiencies of a document automation platform while confidently taking action to innovate their technology stack with the best product for each part of their advice process.”
Agree with Grahame. Whilst regulation and education are necessary, like all things in life there is a price to be paid which is passed on to the customer. Technology should be able to reduce the costs, and ultimately make advice affordable to a greater percentage of the constituents. We have a long way to go.
The more innovation the better. We need the Regtech solutions like NOD to enable client pricing to be lower, licensee pricing to be lower and to allow advice to a wider group of people who need it.