Technology

Technology

Advisers have ‘no appetite’ for digital advice: ASIC

Feedback from the regulator’s consultation into affordable advice reveals advisers are keen on regtech but have little interest in digital advice because it costs too much and consumers aren't interested.

Tahn SharpeApril 14, 2021

Technology

IOOF goes the stack route, wary of ‘stretching’ advice tech

Darren Whereat is building out what is likely going to be the most widely used advice technology suite in Australia over the next five or so years. IOOF will be leveraging scale for new solutions, but that doesn’t mean Xplan is old news – yet.

Tahn SharpeApril 8, 2021

Technology

‘We have lost the plot a bit’: Michael Rice on advice regulation

The influential policy specialist has called for the Financial System Reform Act to be completely rewritten, noting that legislation has not kept up with technology and changes in thinking, particularly among the next generation of clients, during a panel discussion at the SMSF Association national conference.

Matthew SmithFebruary 18, 2021

Technology

Hub24: ‘Whole data’ sharing key to affordable advice provision

The platform provider is lending its resources to solving one of the advice sector's troublesome issues - how to standardise data sets across a multitude of advice practices and licensee outfits.

Tahn SharpeJanuary 12, 2021

Technology

Managed accounts put to the test during Covid drawdowns

How advisers implement investment recommendations has evolved significantly, most notably in terms of how this process is integrated into business, something that was tested during recent market drawdowns.

Nina HendyNovember 24, 2020

Technology

Advice-tech an act that must be balanced

Technology is merely a facilitator in advice, says Praemium's Martin Morris. If advisers have 15 service providers but an inadequate client framework, they can end up being the tail that's wagging the dog.

Nina HendyNovember 16, 2020

Technology

Advice tech works, but only when it fits

'New and shiny’ tech will help advice practices become more efficient and grow, Netwealth’s Matt Heine believes, but the danger of building bloated, impractical tech stacks remains. Start with the clients’ needs, he says, and then look at how tech fits into your broader service offering.

Nina HendyNovember 10, 2020

Technology

Fundies ‘squeezed again’ in the jostle for margins

All parties in the value chain are under increasing pressure, which has more to do with taking cost out rather than margin, Praemium's Mat Walker describes in conversation with Professional Planner's Shape of Advice podcast series.

Nina HendyNovember 3, 2020

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