Blog
DDO and Xplan – What you need to know
From 5 October 2021, new legislative requirements under Design and Distribution Obligations (DDO) have been in force. These obligations are set out in RG 274 and have been introduced to chapter 7 of the Corporations Act. What is DDO? The Design and Distribution...
Why your financial advisory business should be using Xplan
Choosing the right Financial Planning CRM and software for your practice can be a daunting and confusing decision to make. With so much information out there and so many rumours spread through the adviser grapevine, you may be wondering where to start. We are happy to...
The Best Financial Advisers Are Using a Digital Advice Model
The digital age is upon us, and it’s not going away any time soon! If you’re running a financial planning practice and not using a digital advice model, read on to learn how you could significantly improve your business’s compliance, efficiency, and client...
Actionable Steps to Optimise Xplan
Optimisation is defined as making changes to get the most effective use out of a resource. In this case, the resource is Xplan and we outline some helpful ways on how to get the most out of your financial advice software. By optimising your Xplan, you get a smoother...
Top 5 Questions about Xplan
Xplan has the potential to increase efficiency in all areas of your financial advisory business, and ultimately improve your bottom line. But more often than not, when people use such a sophisticated, comprehensive program, it’s very easy to overlook many of the...
How to perform a client data audit in Xplan
If your database isn't being kept up to date consistently across your clients, this will have an impact on your reports, the accuracy of your modelling, use of modules and generation of your Advice Documents. Here are five areas you need to be checking when completing...
5 Datafeed Tips for Xplan Users
If you are using Datafeeds in Xplan keep reading for 5 helpful tips on Datafeeds from the team at Specialist PMC! 1. Set Adviser mapping to Automap, but not to Auto-create Clients. When setting up your Adviser mapping, we recommend selecting the option to automap to...
Specialist PMC: The Xplan Specialists
Founded in 2011, Specialist PMC has successfully improved the business efficiency of close to a hundred Financial Advisers and Dealer Groups across Australia by helping them effectively understand and remedy the complexities that can arise from the Xplan platform. Who...
Managing your essential business activities
It's an understatement to say that this has been a challenging year! No matter where you are working from whether it's the couch or your home office, there hasn't been a time where online access, team collaboration and robust business processes have been of greater...
Increase Efficiency with an Xplan Review Package
The Review Process for many advisers is often time consuming and inefficient, therefore reducing profit and overall business performance. Here at Specialist PMC we understand Reviews are a vital part of your business and allow you to continue to service your clients....
Is your Advice template working for you?
Do you spend longer editing your merged output then you do entering the information? Does your template have errors in the output? Does it fail to merge the data that has been entered? Or are you part of a team that is always looking to improve the way you do things?...
The Importance of Efficiency
We come into contact with a wide range of financial planning businesses that use Xplan. Each business is unique with their processes, target client base, and type of advice they provide, however nearly all businesses respond with the same type of answer when...
Roadmap to Success
For any business, new or existing, its important to have your roadmap for success i.e. a document or plan that outlines how you intend to: grow your client base assist your clients to achieve financial independence increase profitability without damaging...
Xplan Site Analysis
We often receive phone calls and emails from financial planning businesses who are looking for assistance with their Xplan but aren't quite sure where to start. We commonly hear "We don't know how we could be doing it better", or, "We're not sure if we have an...
It’s EOFY already – Are you using Xplan to support your back office?
Xplan is not only a tool to help manage your financial planning clients, but can be an effective tool to help support your back office with their everyday tasks. If you have tasks that must be completed by June 30 each year, implementing recurring tasks in Xplan helps...