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Adviser Ratings ranks WealthO2 number one

WealthO2 has been ranked the number one investment platform in terms of ongoing adviser support, and the number one provider in terms of investment options, in the latest Adviser Ratings 2020 Australian Financial Advice Landscape report. The Adviser Ratings report is an annual study of the Australian financial advice industry that includes a ranking of

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16 Apr 2021

Spotlight on who owns client relationships

Recent legislative changes around consent to charge adviser fees are prompting a number of advisers to reconsider their existing platform relationships, in part because of a disagreement over who owns the relationship with clients, says Shannon Bernasconi, Managing Director, WealthO2. Last week, the government passed the Financial Sector Reform (Hayne Royal 4 Commission Response) Bill

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04 Mar 2021

WealthO2 appoints Andrew Whelan as head of distribution

WealthO2 has appointed Andrew Whelan to the newly created role of chief distribution officer, reporting to CEO Shannon Bernasconi, commencing 27 January 2021. Mr Whelan joins WealthO2 from Midwinter where he led the sales, marketing and distribution teams. Prior to this Mr Whelan held various senior roles including as director of advisor services at Milliman,

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28 Jan 2021

WealthO2 hits record FUA as advisers vote with their feet

Adviser platform alternative WealthO2 has passed the $2 billion mark in funds under administration, reflecting the growing demand from advisers for a low cost fee for service, unconflicted, adviser platform alternative. Shannon Bernasconi, CEO, WealthO2 says in the wake of the COVID-19 pandemic, the fees clients pay for personal advice, platforms and investment are under

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25 Aug 2020

WealthO2 adds Chi-X TraCRs and Funds to wealth management platform

Australian Adviser platform alternative WealthO2 has become the latest provider to add Chi-X Australia’s innovative product suite to its offering. All 35 Chi-X TraCRs and all quoted Chi-X Funds are now accessible to financial advisers and their clients on WealthO2 via its comprehensive and integrated suite of wealth management software solutions. The announcement follows the

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07 Aug 2020

WealthO2 appoints new CTO

WealthO2 has appointed Matthew Done as chief technology officer. Mr Done will directly report to managing director Shannon Bernasconi. Ms Bernasconi says Mr Done is a welcome addition to the team. “Matthew is a highly accomplished application architect and development manager with experience managing and implementing several mission critical systems development projects. “He has over

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28 May 2020

WealthO2 launches digital meeting tool for advisers in response to COVID-19 demand

Recognising the increased need – in the wake of COVID-19 – for advisers and their clients to meet digitally, WealthO2 has launched a new feature on its investor client portal to better facilitate digital meeting appointments. “WealthO2 is an advice-led solution, so listening and responding to advisers’ needs is our focus,” says Shannon Bernasconi, WealthO2

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28 Apr 2020

Investors’ the winners of tech disruption race

Australian investors are the beneficiaries of technology-led disruption within the financial services sector as operational complexities are being continually reduced, according to Shannon Bernasconi, managing director of WealthO2. The combination of better managed data, as well the streamlining of documentation such as the Record of Advice, is driving efficiencies for both advisers and their clients,

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17 Jan 2020

Naked pricing set to reorder financial planning profile

The culling of grandfather commissions and FASEA Code #3 and the advent of new technology-led platform solutions for advisers will likely enable a shift in the next generation of advisory practices towards naked pricing, according to WealthO2 managing director, Shannon Bernasconi. The concept of naked pricing strips out fees exchanged between third parties in the value chain

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03 Dec 2019

Tech improvements driving efficiency for advisers

Adviser-led technology and services is increasing efficiencies and the ability for financial advisers to better service the investment needs of their clients, according to WealthO2 managing director, Shannon Bernasconi. Research undertaken by WealthO2 suggests advisers are increasingly needing efficiency and automation of compliance, like ROAs, audit trails, seamless model changes through to clients, alerts and

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22 Nov 2019

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