Financial advice technology company Asendium has announced it has been added as a preferred technology partner by My Dealer Services, which provides services to more than 250 financial advisers.
A statement from the company says it provides “a dynamic platform” that creates all required advice documents at the same time, through one instance of data entry. It adds that this is designed to eliminate the manual part of advice generation, “…thereby creating more time for advisers to work with clients and build their business.” (Also see: New Tech Partnership to ‘Deliver Compliant Advice’.)
The statement says that My Dealer Services, a consultancy business that helps advisers across a range of areas from compliance management to establishing an independent AFSL, provides recommendations to its members on how to drive efficiencies within their practices.
My Dealer Services director, Alexander Euvrard says that his firm knows that across the more than 70 AFSLs it works with, advisers are looking for tools that allow them to more directly engage with clients, and “…technology really has to be that solution.”
The statement says that compliance also a key benefit of the Asendium product suite.
Asendium CEO, Scott Miller, explains that his firm acts as “guard rails” for developing compliant advice, “…and advisers can generate in-house, next day comprehensive and personalised advice – for a multitude of advice steps including fact finds, strategy papers, file notes and instant statements of advice – in a matter of hours.”
He says the firm is excited about supporting the My Dealer Services network as it looks to “…use technology to enable the transformation of their businesses.
“The future of financial advice is not about managing an unwieldly book of clients inherited as part of as large licensee structure. It will be about delivering a more personal and valuable service to clients, and technology allows advisers and their paraplanning teams to create the time needed to build those increasingly valuable relationships.”
He adds that practices using technology efficiently – and with a redeployed paraplanning team providing client relationship development services – will be able to work with more clients, not fewer, with better client relationships.
