Leading cloud-based financial planning software provider Adviser Intelligence (a.i.) has completed a landmark private funding deal and partnership deal to secure the future of it's intelligent advice technology. The deal was recently signed with privately-owned investment technology firm Avocado Consulting (Avocado).
Representing a multi-million-dollar capital funding and partnership arrangement the deal will allow the fast track expansion of the core a.i integrated advice and CRM technology.
One of the standout features of the a.i. leadership team is the uniquely high-calibre of financial technology leaders, who also happen to be female. In an industry dominated by men, it’s refreshing to see pioneering women leading in the financial technology space.
Cloud-based financial planning software company Adviser Intelligence has announced a multi-million-dollar private funding and partnership arrangement with an investment technology firm.
The partnership and funding deal with Avocado Consulting will allow the "fast track expansion" of Adviser Intelligence's integrated advice and CRM services, according to the company's statement.
Commenting on the partnership, Adviser Intelligence chief executive Jacqui Henderson said: "We are delighted to have found in Avocado a partner with the right 'can do' cultural fit and which shares our vision of being a pre-eminent source of transformative financial advice technology.
New home-grown financial planning software provider Adviser Intelligence claims it can help planners become up to four times more efficient – just as ASIC begins policing compliance with the controversial opt-in provisions.
It launches the first of its three major modules next week, starting with the Future of Financial Advice (FoFA) module. This will be followed by its separate insurance and investment components, which are timed to launch two weeks and four to six weeks later, respectively.
“The game plan has always been to create efficiencies within planning practices…with the administration and all the compliance reforms coming in, the administration gap is widening, there’s a lot more that advisers have to do,” says Jacqui Henderson, director of Adviser Intelligence.
“There’s still just so much arrogance and disconnect between the platform providers and the dealer groups, and the tools of what the independent financial advisers are needing,” Jacqui Henderson told a media gathering in Sydney yesterday.
“We are the Xero for the financial planning industry, a new entrant that’s taking on COIN and XPLAN, with a cloud-based software platform that’s all about simplifying advice.”
Adviser Intelligence director Jacqui Henderson suggested advisers from the larger groups in particular are expressing frustration with limited tech options. “I don't think it's the cost, I think it's the flexibility and the choice and the support.”