SEARCH
Advice fee consent solution tackles ‘industry-wide challenge’
Advice fee consent solution tackles ‘industry-wide challenge’
ClearView and Matrix Planning Solutions have adopted an advice fee consent solution from Iress.
Through the solution, the life insurer and licensee’s advisers – who sit within the Centrepoint Alliance community – can now obtain fee consent for ongoing agreements without Xplan, which is then validated through Iress’ blockchain and moved through the relevant platforms.
“We’re pleased to support Matrix and ClearView in managing their advice fee consent obligations through technology,” Iress’ managing director of financial advice, Tizzy Vigilante said.
“Iress developed our end-to-end solution in collaboration with Matrix and ClearView and other industry players to enable licensees and advisers to securely send data and fee consent forms to platform providers as well as manage return responses.
“The automated solution will result in reduced time spent on paper-based administration and data entry for advisers, as well as increased connectivity between licensees, advisers, clients and platforms.”
Centrepoint group executive Tanya Seale said the move was inspired by a desire to deliver efficiencies to advisers and tackle the “industry-wide challenge” of annual ongoing advice fee consent.
Ms Seale applauded the solution, noting it minimalises the compliance and administrative burden for financial advisers.
“By adopting Iress’ advice fee consent solution, we can digitise the advice process and help our network of financial advisers confidently meet their compliance obligations and reduce the amount of time spent on no-value-adding administration,” she said.
“Ultimately, this will support advisers to focus on what matters most – growing their businesses and providing quality advice to Australians.”
About the author
Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily. Neil is also the host of the ifa show podcast.
Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily. Neil is also the host of the ifa show podcast.
Subscribe to our Newsletter
We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians
Your email address will be shared with nestegg and subject to our Privacy Policy
latest articles
OUR PLATFORMS AND BRANDS
- Accountants Daily
- Accounting Times
- Adviser Innovation
- Australian Aviation
- Cyber Daily
- Defence Connect
- Fintech Business
- HR Leader
- Independent Financial Adviser
- Investment Center
- Investor Daily
- Lawyers Weekly
- Money Management
- Mortgage Business
- Nestegg
- Property Buzz
- Real Estate Business
- Smart Property Investment
- SMSF Adviser
- Space Connect
- Super Review
- The Adviser
- Wellness Daily
- Which Investment Property
- World of Aviation
EVENTS AND SUMMITS
- Accountants Daily 30 Under 30 Awards
- Adviser Innovation Summit
- Australian Accounting Awards
- Australian Aviation Awards
- Australian Broking Awards
- Australian Defence Industry Awards
- Australian Law Awards
- Australian Space Awards
- Australian Space Summit
- Better Business Summit & Awards
- Corporate Counsel Summit & Awards
- Cyber Security Summit & Awards
- Defence Connect Budget Lunch
- Defence Connect DSR Summit
- Fund Manager of the Year Awards
- ifa Excellence Awards
- ifa Future Forum
- Investor Daily ESG Summit
- Lawyers Weekly 30 Under 30 Awards
- Lawyers Weekly Women in Law Forum
- Mortgage Business Awards
- New Broker Academy
- Partner of the Year Awards
- REB Awards
- Reinnovate
- SME Broker Bootcamp
- SMSF Adviser Technical Day
- Super Fund of the Year Awards
- Women in Finance Awards
- Women in Law Awards
- Accountants Daily Podcast Network
- The Adviser Podcast Network
- Australian Aviation Podcast Network
- Defence Connect Podcast Network
- HR Leader Podcast Network
- The ifa Show
- The Lawyers Weekly Show
- Mortgage Business Podcast Network
- REB Podcast Network
- Relative Return
- The Smart Property Investment Show
- Space Connect Podcast
PODCASTS
LEARNING AND EDUCATION
MOMENTUM MARKETS NETWORK
LINKS
STAY CONNECTED
Subscribe to the Adviser Innovation eNewsletter.
