XPLAN named top planning application
Wednesday, 19 March 2014 12:20pm

XPLAN  has been named the top rated Australian planning application for 2013 in the latest  Investment Trends Planning and Advice Applications Report.

According to the report, XPLAN has achieved the highest benchmark score for any financial planning application in the seven years of the Investment Trends Planning Software Report.

Coin and AdviserNETgain followed XPLAN.

The top rated hybrid planning/platform integrated planning application was AdviserNETgain/Asgard.

Provisio was surveyed as the best superannuation scaled advice application, followed by XPLAN Engage and Decimal.

"Provisio has been part of the development of superannuation advice technology for many years and has been joined by several other applications offering different approaches to scaled superannuation advice delivery," Investment Trends Analyst Ian Webster said.

According to the report the Future of Financial Advice (FoFA) development had mainly been completed and software vendors were now focused on scaled advice and planner and consumer engagement

"Vendors have moved on from FoFA to refresh application interfaces, mobile functionality development and client engagement," Webster said.

"Vendors are trying to improve planning efficiency by connecting planners and clients to practice workflow wherever they are."

The introduction of scaled advice has also prompted the development of several new online planning applications and services as well as planning practices starting to use technology like video, social media and self-directed advice to develop new client relationships.

"Scaled advice may be an enduring legacy of the FoFA reforms," Webster said.

"After several years focused on developing planning operations functionality for comprehensive planning, vendors are turning their attention to a broader range of advice delivery services."

The 2013 Financial Planning Application Report is the ninth annual benchmark of the planning application features and functionality available to Australian financial planners.

Six full feature planning applications were benchmarked in the 2013 Report - AdviserLogic, AdviserNETgain, Coin Office, Midwinter, MoneyOne and XPLAN

Three Hybrid planning applications were benchmarked in the 2013 Report - AdviserNETgain/Asgard, AdviserNETgain/BT and MoneyOne/Oasis.

Three superannuation scaled advice applications were surveyed in the 2013 Report - Decimal, Provisio and XPLAN Engage.

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