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Everything from Wealth O2

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, […]

17 Jan 2020

Naked pricing set to reorder financial planning profile

From Wealth O2

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 […]

03 Dec 2019

Tech improvements driving efficiency for advisers

From Wealth O2

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 […]

22 Nov 2019

WealthO2 appoints non executive director

From Wealth O2

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 […]

27 Aug 2019

Advisers demanding more from technology and platform providers

From Wealth O2

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 […]

20 Aug 2019

WealthO2 creates national BDM role to meet adviser demand

From Wealth O2

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 […]

01 Aug 2019

Wealth o2 launches new tax accounting service

From Wealth O2

WealthO2 has launched an unbundled tax accounting service through a partnership with Class Limited, to complement its investment platform and financial planning services solution suite. WealthO2 is a low cost, unconflicted, adviser platform alternative established in 2015. Shannon Bernasconi, managing director of WealthO2, says the new service was developed in response to advisers’ need to optimise their […]

11 Jun 2019