Introducing Plutosoft’s New SOA Template
A smarter approach to advice generation By Brooke Kelly | 5 minute read The new Plutosoft default Statement of Advice (SOA) template is now live, and it’s designed to make advice generation more efficient, and easier to tailor to each client. In our recent webinar, Plutosoft Co‑Founder Vincent Holland walked advisers through what’s changed, why […]
Product Research Reimagined
Introducing Smarter Product Research in Plutosoft By Vincent Holland | 3 minute read At Plutosoft, we focus on helping advisers deliver better advice by making it faster, clearer, and reducing the overall admin burden. That’s why we’re excited to introduce our new Product Research Tool, now integrated with Chant West. This latest release gives advisers […]
Breaking Down the New Ongoing Fee Arrangement Rules – What You Need to Do Now
Breaking Down the New Ongoing Fee Arrangement Rules – What You Need to Do Now By Vincent Holland and financial services lawyer Shelly Radford (3 Lines Consulting) From 10 January 2025, new requirements relating to ongoing fee arrangements (OFAs) and product consents will apply. While the goal of this legislation is to streamline these processes, […]
Want To Convert More Clients? Do This Instead
The late Steve Jobs gave some excellent advice when he said: “Start with the customer experience and work backwards…” If you’re aiming to build a highly profitable practice with delighted clients who refer more clients, it all begins with putting yourself in their shoes and shaping your processes accordingly. At our recent webinar, titled “How […]
Quality Of Advice Review (Qar): 3 Things You Should Do Right Now
Quality of Advice Review (QAR): 3 things you should do right They say there are two certainties in life: death and taxes. Well, I would add, there is a third: the certainty that financial advice regulation will always change. As a software provider to financial advice practices, we see this firsthand. In recent times, we’ve […]
How To Be Cyber Safe For Financial Planning Firms
How to be cyber safe in 5 easy steps The recent RI Advice Group case is a timely reminder of the importance of taking cyber security seriously. You can read a full version of the judgment here. But here is a condensed summary. The facts ASIC took action against RI Advice – a dealer group – […]
New Design and Distribution Obligations (DDO) Have Arrived
Breaking down the new Design and Distribution Obligations (DDO) On 5 October 2021, the new DDO came into effect. The obligations apply to issuers and distributors of financial products to retail clients. What is the DDO? For issuers, the DDO requires them to provide a Target Market Determination (TMD) for a financial product. The TMD […]
Guide to Ongoing Fee Arrangements
Breaking down the new legislation for ongoing fee arrangements See our more recent post here, which explains new January 2025 changes: Breaking Down the New Ongoing Fee Arrangement Rules – What You Need to Do Now – Plutosoft On 1 July 2021, the Financial Sector Reform (Hayne Royal Commission Response No. 2) Act 2021 will come into […]
How To Charge For Life Insurance Advice
Life insurance is such an important part of securing a client’s financial future. Here are some ideas on how to provide profitable, fee for service life insurance advice and a winning process. Charging for life insurance advice The key is to make your process compelling, valuable and efficient. Sure, it is important to explain the technical […]
How To Build A Profitable Financial Planning Firm
Imagine your financial planning firm a few years from now. Your firm runs efficiently, your profit is increasing and your advice documents are prepared in minutes, not days. Those painful administrative tasks, which don’t add any value to your business, are now automated. Suddenly, you have more time to focus on servicing your clients and […]