Xplan has launched a web-based analysis tool that integrates multiple fee structures into a client's statement of advice (SOA).
Xplan has launched a web-based analysis tool that integrates multiple fee structures into a client's statement of advice (SOA).
The tool was aimed at dealer groups that currently handled SOA information through complex spreadsheets, Xplan general manager Andrew Walsh said.
Walsh said it would allow practices to provide fully automated SOA fee disclosure if they wanted to.
The tool is designed to integrate a combination of advice, administration, platform and investment commissions, stockbroking, and investment fee types into the client's SOA.
Walsh said the web-developed and delivered Xplan solution lent itself to efficient maintenance and update of fee schedules by head office, and instant deployment to all users.
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