Case Studies

How to help young professionals reach their goals

Michael Chew, Co-Founder & Director of Orange Wealth Michael’s clients are typically young, professional families. They have higher-than-average incomes but their wealth often comes with big lifestyle goals and expenses. Most know they need to change but not all are ready for it. “They smile – there’s a moment when they twig. They say ‘I didn’t believe it but it seems like it’s working at the moment’ and the next month it gets better and the following month it gets even better.” To read the full case study click here.

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Adviser News - Blog

Innovative benchmarking for advisers and clients

As part of the standard offering, Moneysoft includes free access to a benchmarking and reporting tool giving Advisers unique insights into the spending habits of their clients and the ability to compare the financial behaviour and performance of individuals, against their peers. The innovative tool is available to all Moneysoft business account holders and aims to foster deeper client discussion, engagement and understanding. The tool divides clients into three broad categories: singles, couples and families, enabling a comparison of their financial position and behaviour, relative to their peers in real time and over a period of time. Advisers can also …

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Blog

With trust levels plummeting, it’s time to get personal

Tackling the trust issue is one of the greatest challenges currently facing our industry. Peter Malekas, Founder and MD of Moneysoft, explores practical ways for advisers to turn the tide. We are experiencing a national crisis of confidence in our institutions. Our trust in business, government, media and non-government organisations has fallen drastically in the past year, and signs point to it getting worse before it gets better. Australia is among the countries to have experienced an extreme loss of trust in the past year, with public trust in our institutions plummeting by a total of 10 percentage points between 2017 …

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Case Studies

Bringing tailored advice to the mass market using technology

Adele Martin, Money Mentor. Adele Martin, is transforming the advice industry, using technology to scale her business. A multi-award winning Certified Financial Planner, Adele is the founder of Firefly Wealth and The Savings Squad. Adele sat down with us to tell us all about how she has made cashflow and budgeting a fundamental part of her thriving financial planning business. Adele’s practice has generated an extra $20,000 in revenue, while simultaneously creating a strong pipeline of leads that become full planning clients. “When it’s in your face you start to make sure money is directed towards your values. When we’re …

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Adele Martin & Peter Malekas
Adviser News - Blog

Pay for technology but make sure it pays off for you

Moneysoft founder Peter Malekas believes in technology. He also believes technology vendors should pay their own way. “What you pay for something, you should get back at least 10 times in revenue,” he told an audience at the Adviser Innovation Summit 2018. “I call that my one-to-ten ratio. If you’re paying $20 for something, you should be charging at least $200 for that. Why? Because there’s a cost and a return on investment over time before you actually make money.” Financial planner Adele Martin is living proof that the one-to-ten ratio can work. The founder of Firefly Wealth is using …

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Adviser News - In the Media

Ease of use powers Lite cash flow management tool to one in five Moneysoft subscriptions

Ease of use powers Moneysoft Lite cash flow management tool to one in five Moneysoft subscriptions 15th May, 2018: Time poor advisers and their clients have embraced the streamlined version of Moneysoft’s personal financial management tool, with Moneysoft Lite growing to 20% of active users in less than two years. One in five Moneysoft subscribers now uses Lite, which was launched in late-2016. It caters to advisers and other finance professionals who want a simple, cost-effective way to introduce ‘cashflow as a service’ to their clients. The Lite platform enables advisers to build engagement with different types of clients at varied …

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Case Studies

Building a scalable advice business

Mad About Life Case Study Jodie Douglas, Founder of a relatively young advice practice, ‘Mad About Life’, recently sat down with us to tell us how she has successfully built a thriving practice, by shifting her traditional commission-based risk-insurance business, to an even more profitable and scalable one, using a holistic-based approach. Through applying Moneysoft’s solutions, Jodie has built trust with her clients, providing an even stronger service and value proposition to them– one that keeps her clients engaged and they are willing to pay for. “I don’t think we’ve had any client that’s on Moneysoft leave us. The clients …

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Adviser News - Blog

It’s time to give clients what they want, not what they can be sold

There’s no magic to good advice, it just takes helping clients meet their individual goals. With vertical integration currently a focus for the royal commission, Moneysoft Founder, Peter Malekas discusses the impact such business models have on the financial advice industry. The financial advice industry has come a long way in the last few years, but the journey has revealed just how far there still is to travel. The findings in ASIC’s recent report 562– which raised issues about the quality of advice provided on in-house products by major vertically-integrated institutions – would surprise few. But it also reveals a knot …

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Case Studies

Creating new revenue and client engagement

Dynamic Orange Case Study When it comes to financial advice, people tend consider how much it’s going to cost before they can realise and can appreciate the actual value it may bring to them. Bridging the gap in understanding is a key challenge for many advisers and one that Simon Rayner, a director and financial adviser at Dynamic Orange, has helped his clients with. Since using Moneysoft, he’s seen a vast change not only in his client’s behaviours, but in how efficiently he’s been able to grow and scale his business. “Moneysoft provides the on-going accuracy we need to see the …

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Adviser News - Blog

Let’s make it simpler for planners to give advice on home loans, personal loans and credit cards

Let’s make it simpler for planners to give advice on home loans, personal loans and credit cards Moneysoft founder Peter Malekas says the Productivity Commission’s prospective recommendation for financial planners to provide advice about credit-based products, would turbocharge the shift to holistic advice. The Productivity Commission has raised the prospect of financial planners providing advice about credit-based products without the need for a separate license. Moneysoft founder Peter Malekas says this would turbocharge the shift to holistic advice. Home loans, personal loans and credit cards form a key part of our financial lives and yet ASIC-licensed financial planners can’t naturally provide …

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