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ESI Super employs Provisio rapid advice solution
Industry super fund ESI Super has extended its advice offering with Provisio Technologies’ rapid advice software solution, according to ESI Super’s chief executive, Robyn Petrou.
Petrou stated that the rapid advice software solution was “the perfect complement” to its existing advice offering.
“The rapid advice technology will allow us to provide more flexibility in the way that members interact with us, and allow our advisers to demonstrate the benefits of different investment strategies in real time to a wider group of members,” he said.
The software solution speeds up the provision of a Statement of Advice and allows for advice to be given over the phone as the adviser demonstrates scenarios in real time online.
Provisio director Cameron O’Sullivan said solutions such as this allowed super funds to broaden their advice reach.
“With pressure on fees, advice models must now support a quicker provision of advice,” he said. “By producing a quality Statement of Advice quickly, each member can be catered for in a fraction of the time of traditional models.”
ESI Super joins the likes of Superpartners and HESTA, which are also using Provisio’s solutions.
AUTHOR
Caroline Munro
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Superannuation funds will have two options for charging fees for the advice provided by the new class of adviser.
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