How Financial Advisor Software Can Save You Time and Increase Customer Satisfaction

As a financial advisor, offering advice to your clients is becoming just one of many tasks that need to be fulfilled. Increasingly burdensome new requirements and legislation have added to an already crammed working day. Financial advisor software is a boon to the industry, automating tasks, dealing with extra expectations around training and compliance and leaving you with the time to spend on building and reinforcing relationships your clients.

Automation and Management of End-to-End General Procedures

Collecting adequate information from new clients can be a lengthy process.  Utilising financial advisor software allows you to collate your clients entire financial story and records in one accessible location, bringing net wealth, cash flow, statements of advice (SoAs), services, and portfolio balances together.  Artificial intelligence then takes over calculations and finds the most suitable products which you can then advise your client upon, resulting in hours saved and a satisfied customer.   

Advanced financial advisor software such as WealthApp, allows you to centralise all your clients’ information in one place, work directly with your client from any location and have instant updated product information available. Financial advisor software also provides product comparison, interactive modelling and scenarios that directly match the client’s financial positions and goals

Your client is able to access a picture of their financial performance from their own device.  With all your client’s personal information at your fingertips on your mobile app, they can consult you over the phone wherever you happen to be. 

Advanced Reporting and Analysis

A quality financial advisor software package offers ongoing and updated analysis and reporting on investment performance and financial health. Packages such as WealthApp also offers compliance tracking that captures, reviews and audits advice, all within your mobile app. 

All client information and activity is stored securely within an inbuilt Customer Relationship Management platform including SoAs, client specific modelled scenario’s, fees, file notes, documents, meetings and services. Advising your client on insurance and superannuation products is a quicker and more effective process with the AI feature of your financial advisor softwar, accurately analysing and filtering investment and super products according to the client’s profile. 

Interactive financial planning

Interactive modelling is a useful and time saving feature of the WealthApp financial advisor software.  This allows you to compare products, generate reports and show real time, accurate modelling, which demonstrates clearly to your client how your advice will improve their financial health. 

Clients can understand how your advice can help them with an automatically generated needs analysis tailored to the customer and populated with customable values (fees and commission). This can include a stress test, and simulated insurance life event to help them visualise their financial needs. 

Establishing and meeting your client’s goals is easier and more direct with interactive models that link their financial objectives with suitable strategies that will not just match their objectives but will also work in their favour.  Automated financial advisor software lets you give clients more time and a more personal service than was otherwise possible. Book a demo to see how this package can work for you. 

Ashish Lavania: