A Sydney-based software provider has launched a new robo-strategy technology designed to combat adviser biases and drive automated but holistic client engagement.
In a statement yesterday, Optimo Financial announced that, after a trial phase, the firm has launched the online public beta version of the firm's new paraplanning and modelling software, Optimo Pathfinder Online.
“Financial advisers will be able to provide their clients with a comprehensive, full-financial road-map, with up to 20-year projections, in a couple of minutes,” the statement said.
“Current financial planning software and robo-advice platforms focus on asset allocation. The financial strategy is still a manual exercise and open to the biases of the adviser or paraplanner.
“There are often multiple modules of data entry which deliver second best results because they miss the ‘big picture’,” Optimo said
“Optimo Pathfinder Online provides a strategy which is calculated holistically rather than in separate modules. It deals with tax, super, family tax benefits, the age pension and a host of other issues to meet the client’s lifestyle and financial goals.”
Optimo chief executive Hugh Bannister said: “Advisers have relied on cumbersome, manually driven or multi-module software programs and third-party paraplanning services. With Optimo Pathfinder Online, we can provide financial advisers and paraplanners with excellent service, in real time, at any time, backed by our industrial-strength algorithm.”
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