Spending power
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Spending power
Key facts
Founded
2014
12 years
Office countries
1
1 address
Company type
Public Company
self-reported
Description
Plencore Wealth Ltd has been creating financial planning software for 10+ years. In addition to our three Financial Mappers products, we have created a completely new product called Financial Advice Online.
Financial Advice Online has been created as a direct response to the Quality of Advice Review.
The Government has indicated it wants to make financial advice more inclusive by reducing the cost of providing financial advice. This is likely to mean that the scope of the advice will be limited in either complexity or reduction in the time period to which the advice is targeted.
In Financial Advice Online, the company determines the cost and the limitations of the advice.
The reduction in time to deliver a Financial Plan and an Advice Document is enabled by increased automation of the process. This process includes the client completing an online Fact Find, with the information directly imported into a Financial Plan. The plan is optimized to meet the client's objectives of the plan. The adviser then writes their recommendations. The Advice Document, previously referred to as a Statement of Advice (SOA) is automatically generated. All information between the adviser and the clients is delivered through a secure portal.
Financial Advice Online will allow all organizations licensed to give financial advice in either New Zealand or Australia to provide clients with both a copy of their Financial Plan and Advice Document. This can be supplemented with financial literacy programs or videos.
We are very excited about this new product as Advice Online will deliver a true multi-media advice statement that allows the client to review the plan and select which part of the recommendations they want to explore in more detail.
Locations
Country footprint
Show as table · Offices in 1 country
| Countries | 1 |
|---|---|
| Primary country | AU |
All codes: AU
Addresses
- AUHarbour Road; Hamilton, Queensland 4007Primary
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Financials
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Paid-up capital
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FAQ
Where does Financial Advice Online have offices?
One address on record, Australia only. Primary: Harbour Road, Hamilton, Queensland 4007.
Which companies are listed alongside Financial Advice Online?
7 profiles list Financial Advice Online as a peer — 79th percentile in Financial Services. It lists ten peers of its own. Oban Enterprise Solutions and PortfolioCloud list it back.