Fiducian is due to roll out an upgrade to its financial planning software that will enable advisers to make immediate changes to client portfolios.
In a statement, the ASX-listed financial services provider said the latest phase will allow planners to implement "switch orders" directly from FORCe Desktop after reviewing and modelling clients' portfolio changes.
"Orders will flow through Fiducian Online and the Fiducian platform to ensure recommendations can be implemented almost immediately after being authorised by the financial planner," Fiducian chief information officer Alan Dunne said.
"Planners can track changes on Fiducian Online as well as view any confirmation correspondence sent to clients. Clients' portfolios are updated within FORCe as orders are completed."
FORCe Desktop will also be updated soon to be integrated with Fiducian's other advice solutions, the statement said.
"The integration with Fiducian Online as well as the Fiducian platform ensures that the planning network has a holistic solution to meet clients' needs," the firm said.
"The next phase planned will deliver platform client correspondence directly to electronic client files within FORCe."
Fiducian added: "This will also be a huge benefit for the efficiency and productivity of the planner's business and move ever closer to a paperless work environment."
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 09:36Aussies say royal commission won’t change their view of adviceBy James Mitchell
- 09:36Hire younger advisers to get younger clients, paper suggestsBy Adrian Flores
- 09:36Synchron launches app for adviser developmentBy Reporter
- 17 Oct 2018Private banking has no place for bad advisersBy Eliot Hastie
- 17 Oct 2018CBA admits failure to tackle conflicted adviceBy James Mitchell
- 16 Oct 2018NAB to address advice issues in $314m payoutBy Eliot Hastie
- view all