Sydney-based software provider Optimo Financial has announced it will trial its new robo-strategy service on a select group of planners before releasing it to the public next month.
Optimo Financial said in a statement yesterday that its new automated strategy optimisation service, Optimo Pathfinder, “will do all modelling calculations for financial planners and paraplanners for periods up to 20 years and beyond".
The main advantage of the new strategy platform, the firm said, is that “it covers all aspects of the clients’ specific situation".
"The strategy is calculated holistically, rather than in separate modules," Optimo said.
“Optimo Pathfinder uses mathematical optimisation processes to produce holistic financial strategies tailored to a client’s goals and situation,” the firm explained on its website.
“It works out each strategy based on the client’s specific input data to create a tailored strategy and does not follow trends or biases."
Optimo Financial’s general manager, Rob van Dalen, said: “We are moving our services to the cloud and handing over the keys to the financial planners and paraplanners – for free.
“Optimo Pathfinder will be a huge time saver for any planner or paraplanner. No longer does he or she need to wait for modelling results or use complicated software to try to obtain the optimised results. Pathfinder does all of this in one go and is not broken up into ‘modules’ as so many other software platforms are,” Mr van Dalen said.
“It will appeal particularly to those planners who want to deliver high-quality financial strategies but don’t want to invest a lot of money in complicated software,” he said.
The pilot program is designed to test the user interface and enable Optimo Financial to make minor tweaks if required before rolling out over the next few weeks.
Stimulate new ideas. Stimulate new thinking. Top up your CPD points and hear from industry experts with ifa’s Knowledge Centre. Keep up to date with the latest trends and reforms, all while adding to your CPD hours. Explore the Knowledge Centre now.
New female advised clients now outnumber men according to a new report from AUSIEX. ...
Australian Wealth Solutions (AWS) has announced a change of licensee as it heads into a new era. ...
An up-and-coming goals-based advice platform has appointed former executives from Midwinter and Shadforth Financial Group to its ranks. ...