Ignition Wealth

Automated financial advice and investment solutions. Automated in-depth fact-find, scoping and disclosure with the possibility of generating compliant SoAs, providing online FSGs, Privacy Statements and Terms and Conditions, populating Fee Disclosure Statements to meet Opt-In requirements, automatic referral to face-to-face advice for special requests and complex requirements.  Aimed at delivering scalable advice solutions for advisers to have a broader client market or service smaller value clients.

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End User Advisers
Advice Process Steps Scope
Goals
Assessing
SOA
Implementing
Review
Benefits Ability to engage lower value clients or use as an initial engagement process before moving to fully fledged face to face advice.
Cost per user per annum From $2400 per annum
Time saving per client 1-3 hours through to managing a fully automated service.
Cost saving per client Cost saving of anywhere from $1000 – $5000 per client dependent on the extent of the solution provided via the technology.
Integration Xplan
Website embedding Yes
White labelled Yes
System prerequisite No
Single sign on Yes
Data storage Unknown
Privacy standards Compliance with the following legislation:

  • Corporations Act 2001
  • Privacy Act 1988 and Australian Privacy Principles
  • Freedom of Information Act 1982
  • Copyright Act 1968 and Copyright Amendment (Digital Agenda) Act 2000
  • Patents Act 1990
  • Spam Act 2003
  • Cybercrime Act 2001
  • Electronic Transactions Act 1999
Limits on use Unknown
Disaster recovery and business continuity plans Yes
AFSL approval Multiple AFSLs have utilised.