AdviceOS

AdviceOS, developed by Midwinter Financial Services Pty Ltd, is a comprehensive financial advice software designed to cater to the needs of financial advisers, financial planning practices, wealth management firms, superannuation funds, and insurance brokers. According to the vendor, this cloud-based solution offers a range of tools and modules to create, model, and deliver personalized advice to clients, making it suitable for businesses of all sizes, from small practices to large institutions.

Key Features

Financial Advice Software: According to the vendor, AdviceOS provides a financial planning solution that includes financial modeling, practice management, and client engagement tools in one platform.

CRM Module: The CRM module allows users to effectively track and manage client relationships, simplify customer communications, generate reports and dashboards, and fulfill compliance obligations such as FDS, according to the vendor.

Product Module: According to the vendor, the product module enables users to analyze client needs, compare products, access Morningstar and ASX data, and perform comprehensive product comparisons and analysis to determine the optimal portfolio.

Insurance Module: Users can calculate recommended insurance levels for clients, compare features and pricing of insurance products, and generate Statements of Advice (SOA) for insurance recommendations, according to the vendor.

Strategy Module: The strategy module, according to the vendor, enables users to model complex and extensive strategies, support decision-making around cashflow, taxation, and capital outcomes, and provide scaled advice for superannuation contributions and retirement strategies.

Advice Documents: According to the vendor, users can generate Statements of Advice (SOA) and Records of Advice (ROA) for clients, customize advice document templates, and ensure consistency and compliance with legislative changes.

MultiGoal Module: According to the vendor, this module provides real-time multi-goal advice, allows users to evaluate multi-goal scenarios in client meetings, and create comprehensive goal maps for clients.

Key Risk Indicator Solution: The vendor states that the product helps users stay on top of compliance and reporting obligations with real-time alerts for potential breaches, and allows them to monitor compliance and operational risks from a customizable dashboard.

Client Portal Module: According to the vendor, the client portal module keeps clients informed and engaged with a comprehensive fact find and objectives builder, allows users to share documents through the client portal, and enables digital collaboration between clients and advisers.

Datafeeds: Users can connect to over 600 data feeds in Australia through InvestmentLink and access an independent data repository for financial market sectors, according to the vendor.