PlanPlus Global Unveils Third Suite of Suitability Tools with Launch of Tracking Module

PlanPlus Global Unveils Third Suite of Suitability Tools with Launch of Tracking Module

PlanPlus Global today announces the addition of a new module – ProTracker™ – to its SuitabilityPro™ suite of products.

ProTracker is a powerful portfolio monitoring tool that continuously ensures advisors’ clients remain suitably invested over time. It will help advisory firms ensure there are robust processes in place around the provision of ongoing advice. It will also deliver the evidence necessary for regulatory purposes, to prove an ongoing and suitable advice service has been provided.

ProTracker (used in conjunction with PlanPlus Global’s Profiler or ProPlanner tools), enables advisors and their clients to:

  • Access Morningstar’s database of stocks, funds, and ETFs in your particular country (UK, US, Canadian and Australia)
  • Implement a client’s investment policy at either an asset class allocation or individual security level
  • Create model portfolios or choose specific securities to include in each client’s portfolio
  • Receive daily pricing and monthly performance and allocation updates on the portfolio holdings from Morningstar
  • Monitor and track clients’ portfolio progress relative to their personal goals

In building its SuitabilityPro suite of products over the past few years, PlanPlus Global has worked with advice professionals, investment experts, regulators, academics, and psychometricians. The result is an end-to-end advice process, which is already integrated with many leading back-office suppliers, combining the world’s most academically valid risk profiling solution and award-winning financial planning software with an ongoing tracking service that ensures clients are always suitably invested.

Shawn Brayman, CEO of PlanPlus Global, said: “One thing that has become absolutely clear from the Royal Commission in Australia is the fact that ongoing advice fees can only be charged when an ongoing advice service has been provided. While that may sound absurdly obvious, for too long the financial services industry has fallen foul of sloppy advice processes where clients simply fall through ‘service gaps’ over time. It’s in those gaps the regulators have found evidence of some wholly unacceptable advice processes.”

“Our SuitabilityPro suite of products safeguards clients and the reputations of their advisors. With the addition of ProTracker, I believe our software now offers advisors the best suite of tools with which to provide an exceptional fiduciary-standard service now and in the future.”

ENDS

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Notes to editors:

About PlanPlus Global
PlanPlus Global is a world-renowned financial advice, planning and asset management ‘Suitability’ software provider. It offers the most academically validated risk profiling process in existence, a multi-award-winning financial planning system and a regulatory robust investment tracking tool that ensures investors remain suitably invested over time. When combined with an advice practitioner’s own professional judgment, PlanPlus Global software helps deliver an outstanding level of customer service that is based upon individual clients’ informed consent. Its software is now relied upon by more than ten thousand subscribers in more than 35 countries.

PlanPlus Global has received multiple awards for proprietary research in the financial planning and risk profiling fields, such as the Academy of Financial Services Best Paper Award, and Best Applied Research Award.

PlanPlus and FinaMetrica merged in 2017 resulting in a privately-owned Canadian company with its head office located in Toronto, Ontario. It has staff in seven countries and affiliates around the world.

Latest industry recognition for PlanPlus Global’s risk profiling service include both Professional Adviser’s 2020, and WealthBriefing’s 2020 awards for the best risk profiling solution.

For more information, visit www.planplusglobal.com.

I have been using FinaMetrica for over 17 years for onboarding new clients. They like the extensive value of the reports; but what we appreciate is the innovations in technology, the value of the client-facing materials and the development of the life-long client relationships as I get to really know their behavioral tendencies. FinaMetrica has assisted me in building a very successful practice and we highly recommend it for any advisor who wants to enhance the overall value of their client relationships.

Ron Wilkinson - Portland, Oregon, USA
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