Adviser News - Blog

Moneysoft and XPLAN deliver a powerful combination

Maintaining and adhering to the regulatory compliance standards in Australia, means that Financial advisers face new challenges to deliver a quality service offering. This also means that advisers must find new ways to improve their business processes to ensure they do not fall short. Moneysoft can help advisers curb the increasing regulatory challenges without having to make vast changes to their existing processes or financial systems. By leveraging Moneysoft’s integrations with a number of leading financial platforms, advisers can significantly benefit from business efficiencies and productivity improvements. Moneysoft’s integration with iress XPLAN, a CRM and financial planning tool, is one powerful …

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In the Media

Centrepoint enters into partnership with Moneysoft

5th September 2017:  Financial services firm Centrepoint Alliance has partnered with Moneysoft to deliver a full-service money management and cash flow platform, which will strengthen the adviser-client relationship and give advisers a deeper understanding of their client’s financial situation. Moneysoft provides market leading technology solutions for the financial services industry, including cash flow solutions for financial advisers, equipping them with tools that enable efficient cash flow, budgeting, savings and goal-tracking services which support their clients, at every stage of their financial journey. Built with both the adviser and end-user experience in mind, Moneysoft’s solutions fully support the trusted adviser-to-client relationship, …

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In the Media

Moneysoft expands footprint with Investfit and Xeppo integrations

August 24, 2017: Moneysoft has struck new deals to integrate its cashflow as a service solution with goals-based advice software Investfit and software data connector Xeppo. The partnerships bring together powerful technology and the capability for financial services providers to offer customised solutions that meet the individual needs of their client base. Moneysoft founder and managing director, Peter Malekas, said the integrations will unlock new insights for financial services businesses, supporting deeper client engagement while also identifying future leads and increasing efficiency. “We’re putting control back into the hands of funds, advisers and brokers to say what they want to achieve …

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Adviser News - Blog

Why small change can make a big difference

Retirement is characterised by uncertainty: no one knows how long they’ll live, how markets will perform and ultimately, just how much money they’ll need. It makes retirement planning incredibly complex. Australia’s record household debt levels suggest that few people have a handle on their current expenses, let alone how much they’ll need once they stop working. However, big data is changing our understanding and crucially, our behaviour. It doesn’t necessarily take difficult changes that weigh down people’s current lifestyles, to improve their retirement. Big data reveals the state of retirement A new analysis by actuarial firm Milliman of the real-world …

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Adviser News - Blog

Navigating the technology revolution

The rise of advice-tech means advisers are faced with so much choice. It’s easy to stall and even easier to take a wrong turn. A bad decision costs more than money. It can compromise the quality of advice, threaten compliance and undermine staff morale. Most of all, it wastes time. Navigating the increasingly crowded advicetech landscape doesn’t have to be a fraught experience. The right combination of smart technology solutions can deliver lasting improvements to productivity, service and profitability. This empowers advisers to focus on what they do best – giving advice. Know where you want to go From artificial …

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Adviser News - Blog

Understanding and tackling clients’ behavioural biases with the fourfold pattern

Our innate behavioural biases regularly sabotage the best-laid financial plans. To identify and change our worst habits takes a combination of expert advice and powerful technology, says Moneysoft’s Jon Shaw. Behavioural economics has exposed the hidden logic driving people’s decisions about money but it often takes a good financial planner to help clients make the ‘irrational’ rational. The problem has nothing to do with the how smart we are and everything to do with the way our brains work. We now know (thanks to the work of psychologists Daniel Kahneman and Amos Tversky) that people attach values to gains and …

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In the Media

Fortnum partners with Moneysoft

July 4th, 2017: Moneysoft will provide its digital money management solution to Fortnum Financial Advisers under a new partnership set to boost client engagement and provide greater insights across the advice process. Fortnum will provide the co-branded Moneysoft tool to advisers across its full network, enabling them to empower clients and bolster their financial wellbeing. Fortnum’s Practice Technology Manager, Cassandra Mackay, said “Fortnum are excited to provide our Adviser Network with a tool to engage their clients in budgeting and cash flow.” “This is a great opportunity for an adviser to partner with their clients to achieve their financial goals.” …

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Adviser News - Blog

An age old theory updated with technology

An age old theory updated with technology With Peter Malekas, Founder and Managing Director, Moneysoft Prior to his Moneysoft days, Peter Malekas worked as an accountant and financial planner. Throughout his career, he was (and still is) passionate about finding ways to improve processes and enhance the client experience. Following many successful years as an adviser, Peter Malekas reached a crossroads and asked himself, ‘Do I sit here and continue to live comfortably in this adviser space or should I leave my comfort level behind and create the change that I’m passionate about?’ And so, Peter started working on his …

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Adviser News - Blog

The tech nudge

Technology is reshaping the world – and not always for the better. Moneysoft’s Peter Malekas considers a new international report about the impact digital technology is having on consumers and the important role that advisers can play. When it comes to money, it’s often a case of out of sight, out of mind. The further away it is in time (superannuation is a long way off for many people) or space (mobile payments mean we can pay without ever touching our wallets), the less attention we pay. Technology often exacerbates the divide but it can also bridge it, according to …

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Adviser News - Blog - In the Media

Why the demise of cash heralds new dangers

Money makes the world go round Australians are leaving cash behind for the convenience of electronic payments. It may not be all good news according to Moneysoft’s Jon Shaw. Money makes the world go round but cold hard cash is no longer doing the heavy lifting. Cash accounted for more than two-thirds of the number of consumer payments made in 2007. Just seven years later, less than half of consumer payments were made in cash. Online shopping, contactless cards and other digital forms of payment offer convenience but this comes at a cost. Digital forms of payment fundamentally change our …

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