Moneysoft has said it partnered with Mortgage Choice Financial Planning to create a financial advice tool with the aim of “bolstering” clients’ money skills.
In a statement this morning, Moneysoft said its advice technology will power MoneyTrack, a new tool to be offered by Mortgage Choice Financial Planning.
Mortgage Choice Financial Planning general manager Tania Milnes said the new tool will help the firm’s network of advisers enhance their services.
“The introduction of MoneyTrack will provide a robust basis for the advice we currently provide to help manage their cash flow,” she said.
“It gives clients an easy to understand tool that provides a clear picture of their spending and saving habits and helps steer the conversation around achieving their financial goals.”
Moneysoft’s head of technology and commercial operations Jon Shaw said that the platform would also provide an efficiency boost for advisers.
“Our technology features straight-through processing which cuts down on manual data entry, delivering time savings to advisers while also enabling them to develop a greater understanding of their clients’ individual financial circumstances,” he said.
“We have a full suite of resources to support the offer and help advisers adopt this innovation seamlessly as part of their core business.”
The partnership also offers the potential for Moneysoft to support Mortgage Choice Financial Planning in further automation of the systems that underpin its advice.
“Moneysoft forms part of an integrated solution for an automated financial advice process,” Mr Shaw said.
“We’re very excited at the prospect of helping Mortgage Choice realise the full potential of our technology platform.”
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 19 Dec 2018Advice bodies reach code monitoring agreementBy Adrian Flores
- 18 Dec 2018Court lays charges against former Sydney adviserBy Adrian Flores
- 19 Dec 2018Fiducian buys Vic financial planning businessBy Sarah Simpkins
- 18 Dec 2018ASIC permanently bans Victorian adviserBy Adrian Flores
- 18 Dec 2018Melbourne-based dealer group loses AFSLBy James Mitchell
- 18 Dec 2018AFA appoints new chair of women advocacy bodyBy Sarah Simpkins
- view all