SEARCH
AdviserLogic improves compliance capabilities
AdviserLogic improves compliance capabilities
Advisers using AdviserLogic will now have access to fee and commission data held by cloud-based revenue management platform OnPay, in a move that will help to simplify compliance functions.
According to a joint statement, OnPay has now published its Application Program Interface (API) guidelines, which include fee and commission data.
Gundeep Sidhu, AdviserLogic managing director and OnPay product manager, said the move would allow practices and licensees to implement compliance more efficiently.
"There is still a lot of scepticism around the implementation of compliance functions from a licensee's point of view and, to be fair, there are no easy answers for many questions; such as how to deliver information effectively to clients, keeping records of client wishes, and communicating the outcomes to the respective product providers and other service providers," said Mr Sidhu.
"What we are doing at OnPay and AdviserLogic is continuing to build solutions that help implement various aspects of these complex pieces."
To accept OnPay data, AdviserLogic adopted a system that connects with OnPay's open API.
"This allows the fee and commission data files to be available in the adviser's CRM system, without any manual interference," Mr Sidhu said.
"In this instance, the AdviserLogic CRM allows the management of FDS and Opt-In information with proper record keeping of client communication," he said.
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
- Broker Daily
- Cyber Daily
- Defence Connect
- Fintech Business
- HR Leader
- Independent Financial Adviser
- Investment Centre
- Investor Daily
- Lawyers Weekly
- Money Management
- Nestegg
- Property Buzz
- Real Estate Business
- Smart Property Investment
- SMSF Adviser
- Space Connect
- Super Review
- The Adviser
- Wellness Daily
- World of Aviation
EVENTS AND SUMMITS
- Accountants Daily 30 Under 30 Awards
- ACE25
- 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
- Broker Daily Business 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
- 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
- Australian Aviation Podcast Network
- Broker Daily Podcast Network
- Defence Connect Podcast Network
- HR Leader Podcast Network
- REB Podcast Network
- Relative Return
- Space Connect Podcast
- The Adviser Podcast Network
- The ifa Show
- The Lawyers Weekly Show
- The Smart Property Investment Show
PODCASTS
LEARNING AND EDUCATION
MOMENTUM MARKETS NETWORK
LINKS
STAY CONNECTED
Subscribe to the Adviser Innovation eNewsletter.
