NZ govt backs cloud-based adviser app
New Zealand government funding has seen the launch of a cloud-based video and live document collaboration app to the Australian financial planning market.
The app, dubbed SuiteBox, is a videoconferencing and recording solution that allows advisers to share documents on-screen and immediately gain electronic signatures.
It can be integrated with financial planning software programs, including Xplan and Coin and advisers and clients can collectively review, amend and sign-off advice documents superannuation, investment and insurance applications; and records of advice.
The New Zealand-based company said that this would “accelerate the advice process.”
SuiteBox commercial director Ian Black added that regulatory change is placing pressure on advisers and technology can assist them to meet this challenge.
“Converging demographic, economic and regulatory forces continue to place increasing pressure on financial advisers to be more efficient, productive and compliant, and to stay in regular contact with clients,” Mr Ian Black said.
“An enormous intergenerational wealth transfer is simultaneously occurring as the parents of baby boomers and the baby boomers pass down an inheritance to their children.”
SuiteBox, recently received an R&D grant from the New Zealand government’s Callaghan Innovation.
Viridian vows independence after Westpac exit
Viridian Financial Group has vowed to maintain its independence from Westpac, wi...
CBA could retain advice business: Morningstar
A longer-term revision of the merits behind the Commonwealth Bank’s demerger o...
Class action against former AFSL finishes
Around $1.5 million has been paid to about 200 investors in one of multiple clas...