Dealer group, Centric Wealth Advisers, has entered into a supply agreement with IRESS for its XPLAN web-based adviser desktop solution.
This announcement from Centric Wealth follows a period of growth for the dealer, which has seen it acquire a number of practices, each of whom operated their own desktop platforms.
With a total of 59 advisers now operating under the Centric Wealth Advisers banner across the eastern seaboard, the dealer undertook a review to consolidate six different adviser platforms, with XPLAN emerging as the preferred solution.
… the savings from direct overheads are clear, as is the opportunity for process efficiency from a single client record across all channels of advice
Andrew Walsh, General Manager of IRESS Wealth Management, said, “… the savings from direct overheads are clear, as is the opportunity for process efficiency from a single client record across all channels of advice, which extends to debt, treasury and general insurance at Centric. It is an endorsement of our approach to integrated adviser and dealer solutions.”
Centric Wealth advises it has one of the highest assets under advice ratios per adviser, but one of the lowest number of clients per adviser in the Australian financial planning industry.
