More than 8000 financial advisers have taken up IRESS’s XPLAN-CommPay product in the lead up to the FOFA implementation date to assist with new fee disclosure requirements, the company has announced.
In a statement issued today, the technology provider said it has seen interest from across the financial planning industry spectrum, including “the majority of institutional wealth businesses” as well as boutique and independent AFSLs.
“We are delighted to have risen to meet this challenge with many clients going live with XPLAN-CommPay over the past weeks, ahead of the FOFA effective date of 1 July,” said IRESS executive general manager of wealth management Tizzy Vigilante.
“Wealth businesses like the fact that the FDS can be tailored to suit their specific business requirements while maintaining effective oversight of their obligations.”
SUBSCRIBE TO THE IFA DAILY BULLETIN
News
- 14 Dec 2018ASIC clarifies RG 146 requirements for advisersBy Adrian Flores
- 14 Dec 2018Sargon Capital acquires listed robo adviserBy James Mitchell
- 14 Dec 2018Industry body flags CPD burden under FASEA proposalBy Adrian Flores
- 14 Dec 2018Adviser exodus creating ‘enormous opportunity’ for accountantsBy Jotham Lian
- 14 Dec 2018Advisers embracing ESG investing, says surveyBy Adrian Flores
- 13 Dec 2018AFA picks apart CPD policy from FASEABy Adrian Flores
- view all
