Advisory technology firm Provisio Technologies has established an office in Sydney after it has seen more demand for scaled advice systems from retail and corporate superannuation funds.
The company has appointed Morne Barnes as national sales manager and he will join the executive team to lead the firm's expansion into New South Wales.
Barnes comes from Class Super, where he was a business development manager for Class Super's self-managed super fund software business.
He has also worked for the IQ Business Group and Accenture.
Provisio's move into Sydney comes after a number of recent successful engagements with corporate and retail fund providers based in New South Wales.
"The [industry] super funds have been quick to jump on the scaled advice bandwagon, but now there has been interest from retail funds, the big banks and corporate funds, as well," Provisio director Jye Tucker said.
"[Retail funds] have struggled with what scaled advice means and how to implement it without disrupting their adviser channels," he said.
Tucker also said that there had been more demand for the technology as more super funds were moving away from call centres towards direct channels, including online advice.
Provisio expects to grow the new Sydney office as the business grows.
"Over time, we expect to see a consulting practice there as well," Tucker said.
Provisio currently provides scaled advice technology to several large superannuation funds, including AustralianSuper, Superpartners, HESTA, legalsuper, Energy Super, VicSuper and LUCRF.
