Coin Financial Software is achieving good growth with three boutique financial planning practices signing up a week on average, according to managing director Tony Graham.
Coin was founded in 2002 and now has more than 5,000 users. Large institutions Australia and New Zealand Banking Group and Asteron have been rolling out the product since signing up in February.
"We always keep a close eye on manageable growth. We don't want to grow any faster than we can continue to service clients effectively," Graham said.
Coin has just reached 80 staff; 25 are dedicated to sales support and training.
The latest edition, Coin Version 2.6, has 150 improvements. Advisers can now model portfolios to show the effect on portfolios with or without the new superannuation rules.
Enhancements to the pyramid module allows advisers to compare portfolios against historical model scenarios to demonstrate to clients the value of their advice, Graham said.
Automated data feeds from platforms, straight through processing account opening capabilities and automated transacting to other platforms have improved efficiency.
