“Obviously, the less time and resources that are spent on the provision of advice, managing client information and portfolios, and adviser workflow and remuneration issues, the better off the financial planning practice will be.
“In this sort of environment, it is imperative that financial planners focus on reducing cost, removing inefficiencies and creating revenue generation opportunities. The most efficient financial planning practices today and in the future will be those that utilise specialist software providers that cover the key areas of the financial planning practice they do best.”
Walsh says that “in response to growing client and sector demand”, IRESS recently launched ENGAGE, “a general-purpose client-engagement solution containing transactional advice tools providing financial advisers and superannuation funds with the ability to readily provide scaled advice”.
“The suite of tools can be accessed from various devices, but has been specifically designed for use on tablet devices such as Apple’s iPad,” Walsh says.
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