A new industry service provider has announced it will be delivering its compliance and efficiency solutions for one of the country’s newest dealer groups.
Asendium, whose proposition offers significant time-saving and efficiency gains for advisers in compliance and related areas, is headed by CEO and Co-Founder, Scott Miller. The firm says some advice businesses it serves are saving 90 percent of their time by automating their manual data entries with Asendium’s solutions.
According to a release issued by the tech-services firm, Asendium will be providing new Sydney CBD-based licensee, Finchley & Kent, with a structured compliance management system that delivers efficient documentation for advice outputs, including fact finds and file notes, with more services to follow.
The new dealer group, which is opening its doors this month, appears to be a good fit for the next-generation services offered by Asendium, as it is basing a significant emphasis in its opening narrative as a licensee around compliance. Its website message to prospective advisers includes a statement that “Compliance will always be a big part of our industry, and a huge part of our service offering.”
Finchley & Kent’s founding Directors include Sam El Shammaa and Phillip Alexander, who are both long-established contributors around the provision of personal advice to retail consumers. Referencing a range of current and/or recent issues the advice sector has needed to address, a Finchley & Kent statement notes:
The financial planning industry has reached a fork in the road…
‘The old way of delivering advice is just not sustainable for the average financial planner to remain solvent and return a profit at the same time. The financial planning industry has reached a fork in the road.’
In seeking to follow a new path, the dealer group says it wants to help financial planners get their lives back and that it believes the Asendium service proposition is going to be “…a leader in revolutionising how financial planning is delivered.”
From his own perspective as an ex-financial planner, Asendium’s Miller commented, “…it’s refreshing to see a dealer group that is looking for ways to help financial planners adopt technology to assist in delivering comprehensive advice more efficiently, instead of looking for ways to hamstring them with an overburden of compliance documents and forcing them to manually develop them.”
