AdviserLogic has added a ‘super rollover’ feature to its software to help advisers be more competitive against other businesses.
In a statement, AdviserLogic said the feature is a form of robo-advice that performs “mundane functions” for which advisers cannot charge significant fees and that will make it easier to compete with industry funds.
“It enables rollover of a client’s existing super funds into an adviser-selected super fund, which then automatically selects a model portfolio that matches the client’s risk profile,” AdviserLogic head of product development Daniel Gara said.
“It then runs an analysis comparing the features and fees of the relevant superannuation funds,” he said.
Mr Gara added that the ‘super rollover’ feature will simplify the compliance process, benefiting both advisers and licensees.
“It recommends a model portfolio which is directly in line with the client’s risk profile. It then compares features and fees of the old and new super funds and underlying investments. Statement of Advice generation is the next step,” Mr Gara said.
He pointed out that for insurance within super, the feature will help advisers to complete a comparison of insurance premium projections based on a combination of gender, age, occupation and sum insured data.
“The adviser analyses how much the client needs and Super Rollover compares the premiums and features available in the existing superannuation funds with those available in the recommended funds,” Mr Gara said.
Many people who dipped into their superannuation under the early release scheme ...
Software providers Brokerpad and Optimo Financial have rolled out an integrated ...
First Sentier Investors has completed its global rebrand process, axing the name...