Blog

5 Simple Tips for Managing Successful Remote Teams

Remote and location independent work is becoming more common in Australia and across the globe, and can be a lifesaver for start-ups in countries with high salaries. ComplyX is a service provider to the financial services with a combination of onshore and offshore staff, and over the last 3 years we have been slowly working [...]

5 Simple Tips for Managing Successful Remote Teams 2019-08-05T15:01:15+00:00

How Technology Will Save the Financial Services Industry

This story originally featured on Medium. View original story.   The Australian market is generally slow to adopt new technologies which severely impacts business performance. Accenture Australia emerging technology lead, Harshu Despande, noted that Australian business’ delay in adopting cutting-edge technologies has far reaching economic consequences, specifically reducing our competitive edge in a global market. Within [...]

How Technology Will Save the Financial Services Industry 2019-08-01T09:58:12+00:00

How To Kickstart Your New Financial Planning Business

Starting and running a successful business requires different skills than working as a financial planner under an agency or firm. Whilst it can be a huge leap from employment to running a small business, there are a few activities you can undertake to maximise your chance of success in the early years. In this article [...]

How To Kickstart Your New Financial Planning Business 2019-07-07T10:33:22+00:00

Compliance and cost-efficiency: A balancing act

Whilst compliance has always been a major responsibility of financial planners, it has come to prominence as an issue in the industry following the release of the Hayne report. Despite the fact that thousands of independent financial planners have always worked for the benefit of their customer, more intense scrutiny from regulating bodies will increase [...]

Compliance and cost-efficiency: A balancing act 2019-06-05T12:54:29+00:00

Back to basics: Sales framework for financial planners

The success and failure of a financial services firm depends on one key factor: The ability to attract and engage new customers. A basic sales framework is the key tool that will help you funnel customers toward engaging your services. You may have top quality services and excellent results, but if nobody knows you exist [...]

Back to basics: Sales framework for financial planners 2019-05-17T05:32:08+00:00

The Role of a Paraplanner: More than back office support

Twenty years ago, the role of the paraplanner simply did not exist. With far less regulation in the financial services industry, financial advisers had the time to focus on client relationships and did not require specialised administrative support. Nowadays, strict regulations and the potential for huge financial penalties mean that paraplanners trained in compliance are [...]

The Role of a Paraplanner: More than back office support 2019-05-17T02:29:58+00:00

How to Scale your Financial Planning Business using CommPay

To keep consumers safe, the financial services industry in Australia is heavily regulated. As an unfortunate result, heavy compliance measures can hinder any attempts to scale an independent financial practice.  Fortunately, new technologies are emerging in the market to reduce the compliance workload. One such tool is CommPay, a powerful revenue management solution designed to [...]

How to Scale your Financial Planning Business using CommPay 2019-04-05T20:01:09+00:00

Leveraging Technology to Reduce Costs for a Financial Planning Business

In a Forbes survey of more than 800 financial advisers, about 75% of respondents recognised the importance of staying up to date with technological trends in order to provide exceptional service and maximise profits. The quality of financial tools is extremely important in the industry, as information needs to be accurate and secure. Whilst most [...]

Leveraging Technology to Reduce Costs for a Financial Planning Business 2019-02-21T16:58:00+00:00

What exactly does a paraplanner do?

Paraplanning is a relatively new career, closely linked to financial planning. They are the backbone of financial advisers, with a solid grounding in compliance and financial strategy designed to support the financial adviser’s activities. In summary, the paraplanner completes all the non-client facing tasks involved in preparing and administering a financial plan or report for [...]

What exactly does a paraplanner do? 2019-01-29T15:27:51+00:00