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 generate personalised reports including a ‘Budget versus Actual’ report and a ‘Spend Analysis’ report.
Neil De Beger, Head of Marketing and SME Operations said “Advisers using this tool effectively are finding that it is an extremely motivating part of their client conversations. It adds further colour and strengthens these discussions through the visual reference, which many clients can immediately relate to. It is human nature to be concerned with what others are doing – it’s a direct tie-in with the old adage ‘keeping up with the Joneses’. We like to know what others are earning, saving and doing with their money,”
The service was developed in collaboration with Steve Crawford, of Experience Wealth and Your Spending Coach and was designed to allow advisers to deliver even more value to their clients’ money management process.
“The biggest value of having a peer group to compare your results, is that it gives your clients a perspective outside their own world, that is taken from other people just like them” Crawford said.
For more information, please email firstname.lastname@example.org
Media Release: New website launches with solutions to support Super funds
MEDIA RELEASE Moneysoft launches new website to support super fund focus December 14, 2018 Financial technology company Moneysoft has launched a new website that showcases its growing range of services to large...Read more
Research shows that budgeting and cashflow management the top advice priority for younger Australians
Research shows that budgeting and cashflow management the top advice priority for younger Australians 15 January, 2019 Younger people overwhelmingly rank budgeting and cashflow management as the most valuable type of...Read more
Qualifying the value of a financial coaching service
Advisers who can help wealth accumulators and retirees manage their spending and cashflow will be able to demonstrate their value and justify their fees year-in and year-out, Peter Malekas writes.Read more
Moneysoft enters new partnership with Mortgage Choice
April 11th, 2017: Moneysoft’s advice technology will power a new Mortgage Choice Financial Planning tool aimed at bolstering clients’ money management skills and helping them reach their financial goals.Read more
Moneysoft expands footprint with Investfit and Xeppo integrations
Moneysoft has struck new deals to integrate its cashflow as a service solution with goals-based advice software Investfit and software data connector Xeppo.Read more
Moneysoft and IRESS XPLAN deliver a powerful combination
Curbing regulatory changeMaintaining and adhering to the regulatory compliance standards in Australia, means that Financial advisers face new challenges to deliver a quality service offering.Read more
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.Read more
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.Read more
With trust levels plummeting, it's time to get personal
Tackling the trust issue is one of the greatest challenges currently facing our industry.Read more