WEEKLY WRAP: PEOPLE, PRODUCTS AND COMPANIES: Optimisation key to advice in 2013

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Optimisation key to advice in 2013

The ability to “optimise” financial planning scenarios will be a major influence on financial advice software for 2013, according to financial advice technology specialist, Provisio Technologies.  

Optimisation creates a more efficient way to provide advice without sacrificing quality, says Jye Tucker, a co-founder and Director of Provisio. “There is a shift in the advice market, where more people are choosing optimisation tools over modeling tools.

“The industry is familiar with modelling financial scenarios, because that’s the way it’s always been done. Tools with in-built optimisation are the next step in the evolution of advice software, and are having a huge impact on the way in which advisers work.”

With most commonly used modelling tools, financial advisers input extensive client data before they can run strategies. Then, they need to model many different scenarios before eventually locating the implementation that’s best for the client.

Mr Tucker says advice optimisation is a next evolutionary step because it starts with the end goal in mind. “It's like a modelling engine in reverse. Any calculator or modelling software can do projections, but only using an optimiser allows the adviser to enter the desired result and have the software locate the financial strategies to achieve it.

Lonsec tool helps advisers to evaluate super offerings

Specialist investment research provider Lonsec, in partnership with superannuation research company SuperRatings, has today released the Lonsec super comparator tool. The tool is the first offering from a range of integrated solutions that will leverage the expertise of both organisations to meet the evolving needs of financial advisers.

The Lonsec super comparator is an online tool that allows advisers to easily compare all types of superannuation offerings based on a range of factors including fees and other costs, fund size, service providers, insurance features and investment options.

The tool spans the full range of superannuation funds and allocated pension products, including master trusts, industry funds, corporate funds, and government funds. Its library application, which holds a comprehensive range of fund publications in one place, is a unique feature among superannuation tools in the Australian the market. Publications include Product Disclosure Statements, Supplementary Product Disclosure Statements, Annual Reports, Insurance Booklets and Investment Booklets.

BT launches new campaign, crunches the apple

Financial services specialist BT has launched a major new brand campaign encouraging Australians to prepare for their best as it pushes to develop greater awareness of who BT is and what BT does.

The new campaign, which launched on Sunday, shifts the focus from its products to the needs of customers, positioning BT as the expert accessible to all Australians for super, investment, insurance and advice.

BT’s campaign will run across all major TV networks, including sponsorship of Channel 10’s ‘Masterchef: The Professionals’, outdoor, print, digital, social media and PR. The new campaign – ‘Prepare for the best’ - sees the retirement of the apple and the blue lights used in previous superannuation and investment campaigns.

BT’s new brand positioning makes a direct pitch to the aspirations of Australians who hope for their best future, but either keep putting it off or don’t know where to start.

Former HSBC associate director joins AUI

Australian Unity Investments (AUI) has appointed Shaun Thomas as NSW and ACT business development manager.

Mr Thomas joins AUI from HSBC Global Asset Management, where he was associate director – key accounts and research relationships.  He has also held client relationship and business development roles at Macquarie Funds Group, St George Margin Lending and Comsec Broking, as well as working as a financial adviser at Australian Financial Services.

Mr Thomas is currently completing an MBA and holds a master of applied finance and investment from the Securities Institute of Australia, a graduate diploma of financial planning from the Investment Banking Institute, and a bachelor of commerce (economics and finance) from the University of Western Sydney.

Michelle Hanger, national manager - adviser distribution at AUI, said that Mr Thomas brings an excellent understanding of the needs of financial advisers, and a strong network within the industry, to the role.

Margaret Payn joins AMP Capital as Chief Financial Officer

AMP Capital has appointed Margaret Payn to the position of Chief Financial Officer, effective 1 February 2013.

As part of AMP Capital’s senior leadership team reporting to AMP Capital Managing Director Stephen Dunne, Ms Payn will oversee AMP Capital’s finance operations across the company’s global operations.

Mr Dunne said with more than 20 years’ domestic and international experience leading finance, strategy, operations and risk functions Ms Payn would prove a very invaluable addition to the team.

“Margaret brings deep knowledge of financial services, particularly across all aspects of funds management,” Mr Dunne said.

“She joins us at a time when we’re expanding internationally and deepening our investment capabilities while driving for efficiency in everything we do,” he said.

Russell named 2012 Asia Transition Manager of the Year

Global asset manager, Russell Investments has been named Asia Transition Manager of the Year at Asia Asset Management's annual Best of the Best Awards in January of 2013.

In 2012 Russell completed its most active transition management year ever, seeing a significant increase in principal traded growth rates. Russell reached a 23% increase in equity transition trading volumes and a 40% increase in fixed income transition trading volumes. Globally Russell managed transitions for 43 new clients with an increase of 21% in the number of events managed.

Adam Van Ness, Head of Implementation Services, Australia/New Zealand said, "We've had a very strong 2012, including managing the transitions of 43 new clients globally. The growth of Russell Implementation Services is a testament to our client aligned conflict-free business model, our trading capabilities, and our exposure management services."