Westpac Banking Corporation’s wealth management business, BT Financial Group (BTFG), has boosted the functionality of its financial planning practice support application AdviserNetgain.
A new bulk review feature has been released, enabling the production of an unlimited number of review advice documents in one process, AdviserNetgain national manager Darelle Jenkins said.
“The bulk review feature means advisers can update clients as a result of APL (approved product list)changes and respond to sell orders efficiently by producing review advice documents in bulk, advising clients to switch to an alternative investment,” she said.
“It also provides a consistent approach to modifying existing advice, reducing risk and making it easier to keep all clients with the same risk profile in a consistent portfolio of investments.”
Jenkins said the bulk review features would ultimately help advisers spend less time on data entry and compiling reports.
“This new functionality that allows advisers to transact in bulk supports scalable delivery of ongoing advice and provides seamless integration with Asgard, meaning no double data entry and allowing advisers to spend more time with their clients,” she said.
In other news, BTFG said it has made two key appointments in its insurance business. Daniel Musson has been hired as head of bancassurance, while Jim Glossat has been promoted to head of general insurance.
Musson has worked at Westpac, Insurance Australia Group and most recently Bank of Queensland across areas including product, marketing and multiple channel distribution management.
“These two appointments will complement our operating model as an end-to-end general insurance, life insurance and lenders mortgage insurance business with a focus on growing market share, our three bancassurance channels in Westpac, St George and Bank SA and servicing our customers as an integrated insurance team,” BTFG’s general manager of insurance Mark Smith said.
