Dealer group SFG will implement a technology system that helps its planners focus on clients rather than administration.
Boutique dealer group Shadforth Financial Group (SFG) has signed an agreement with Olicc Technologies to roll out Olicc practice management solutions across its financial planning network.
SFG will use Olicc's business intelligence and commission tracking programs to gain more detailed group reporting. The programs will also highlight profitability and revenue per client, adviser, individual practice and external product provider.
"With the system in place, it means that our advisers can spend more time advising their clients and less time on administration," SFG chief executive Nick Bedding said.
"It will also enable us to streamline our back office processes."
Olicc managing director Cliff Garrels said Olicc focuses on helping financial planning practices get a clear picture of how their business is operating, how much time and resources they put in and how much revenue and profit comes out the other end.
"The system will show SFG's management team how each business is tracking, along with giving them figures showing actual against predicted revenue and commissions," Garrels said.
"This will enable them to make any necessary changes to the business to enhance its performance while maintaining a strong focus on client service."
Bedding said SFG was also currently in discussions with a number of parties regarding modelling software and was about to finalise negotiations about the rolling out of some new risk assessment software.
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