WealthO2 hits record FUA as advisers vote with their feet

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

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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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WealthO2 appoints new CTO

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

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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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Investors’ the winners of tech disruption race

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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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Naked pricing set to reorder financial planning profile

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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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Tech improvements driving efficiency for advisers

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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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WealthO2 appoints non executive director

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WealthO2 has appointed Graham Hand as a non-executive director to its board. Shannon Bernasconi, co-founder and managing director of WealthO2, said the appointment comes as the WealthO2 platform passes the $1.5 billion mark in funds under administration, reflecting the growing demand for a low cost, unconflicted, adviser platform alternative. “Graham has over 40 years of experience in financial markets

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Advisers demanding more from technology and platform providers

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The expectations from financial advisers on the ability for software and platform providers to act transparently and with integrity has substantially increased since the release of the Hayne Royal Commission findings, according to WealthO2 managing director, Shannon Bernasconi. Commissioner Hayne’s report had a focus on the monetary benefits that flow to advisers and licensees, however one

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WealthO2 creates national BDM role to meet adviser demand

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WealthO2 has appointed Phil Anderson to the newly created role of national business development manager to meet growing demand for a low cost, unconflicted, adviser platform alternative. Anderson joins the Sydney-based wealth and adviser solution provider from wealth advisory firm Stanford Brown and before that Challenger, where he worked for almost a decade. Prior to working

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