A free community platform for financial advisers, paraplanners and practice managers called Advisely has been launched by Iress.
The technology company says that with increasing pressure on margins within advice practices and an ever-growing demand for advice from Australians “…Advisely aims to support advisers, paraplanners and practice managers to streamline and improve their advice practices to increase efficiency, profitability and scale.”
Drawing on findings from its’ Financial Advice Efficiency Report 2023, Iress says the platform “…provides tailored insights and expert guidance to streamline all aspects of advice delivery.”
The company’s Executive General Manager for Wealth, Kelli Willmer, says that through conversations with clients, and its own research, “…we know one of the biggest areas of opportunity for advice professionals is the ability to boost productivity through smarter ways of working.”
She says the firm believes advisers “…could shave as much as four hours off the advice delivery process of every client by streamlining a number of aspects of the advice process – from client attraction and onboarding, to advice creation and execution.”
Willmer adds that advice can often be a lonely pursuit “…and it can be hard to know where to get help. This is why we’ve created Advisely: to bring the financial advice community closer together, surround it with the right expertise and support; and collectively elevate the advice profession to prosper and grow in order to meet the needs of more Australians.”
The platform is free to anyone currently working in the financial advice profession. It includes:
- The Advisely Index – a benchmarking tool for advisers, paraplanners and support staff to understand how they compare to peers across key advice delivery metrics
- Access to experts – offering best-practice insights, tips and hints and answering questions across a broad spectrum of topics
- A peer network – to network and collaborate with fellow advice professionals
- Technology hacks and hints – to get more out of advice tools, including Xplan
Click here to view the platform.
