CashDeck and MyMoney partner to educate on wealth management

From

Wayne Robinson

CashDeck has announced that it has signed an agreement with MyMoney to provide personal wealth management software and financial education to over 1000 of MyMoney’s clients.

The partnership will help MyMoney’s clients better understand their spending habits, allowing them to know at any given time what their money is doing.

Graham Chee, Founder and CEO of MyMoney, a business that specialises in financial service solutions for self-directed clients, said he has recognised a noticeable shift in client behaviour in recent years.

“Where once clients left everything in the hands of an adviser, these days they want to be across their finances and take more responsibility for their outcomes alongside their adviser with access to online tools,” Chee said.

“CashDeck helps people effortlessly understand their spending habits and know at any given time what their money is doing. The company believes that this simple-to-use tool can help alleviate some of the financial stress and vulnerability that over 60% of Australians carry with them every day.

“We believe that providing complimentary tools like CashDeck allows clients to self manage and strengthen their financial education. Enhanced financial literacy for our clients will provide a more informed discussion and awareness when discussing their advisory needs with a financial planner.

“We know that if you give people the right tools – tools that are convenient – clients will use them. CashDeck lets our clients see all of their bank accounts, loans, super and other financial products in the one place. Combined with our MyMoney® MyGoals® solution of visualisation and graphical information dashboards we know that this partnership will help our clients stay focussed on their goals,’’ Chee said.

Wayne Robinson, CTO of CashDeck, said the product will enhance advisers’ ability to serve clients. “Financial advisers continue to play a crucial role in helping clients manage their money. We do, however, see a shift to people wanting more visibility of their own personal financial situation. We believe that the built-in financial education components of CashDeck will help to boost the level of financial literacy in the market and allow advisers to offer greater value to their clients,” Robinson said.

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