XPLAN Announced as Australia’s Leading Advice Technology Again

2 May 2012

IRESS’ XPLAN continues to lead its competitors on overall planning functionality, according to the latest report from industry researcher Investment Trends.

The 2011 version of the Investment Trends Planning Software Report is an in-depth analysis of fully featured planning applications most frequently used by Australian financial advisers. In Investment Trend’s December 2011 benchmarking tests, XPLAN achieved the highest overall functionality rating.

“IRESS has produced an impressive advice platform that is supporting their strategy to take Australian developed advice technology to international markets”, said Mark Johnston, Principal Investment Trends. “This is the fifth year in a row that XPLAN has ranked first for overall planning functionality”, added Johnston.”

The report found that leading providers were the most active in adding new features to their products. Notably it commented that IRESS’ XPLAN ranked first with the much anticipated release of XPLAN 2 representing an important technology capability to support enhanced functionality in 2012. IRESS continues to innovate across most aspects of functionality and released an important ‘Advice Container’ approach to codify Best Interest compliance in direct response to regulatory and compliance efficiency.

Andrew Walsh, IRESS’ Managing Director, commented “IRESS continues to invest in our core XPLAN platform and bring new and innovative features to market, and it is pleasing to have this recognised again in this research by Investment Trends. Our core product and solution strength in meeting client requirements has not only seen growth in Australia but also made strategic inroads internationally, most recently in the United Kingdom where we believe our offer is significantly differentiated to local competition.”

“Our position as a wealth technology provider in numerous leading wealth markets is increasingly unique and strategic to our client base. Trends in consumerism and advice reform are resonating internationally, and the opportunity to address these common aspects with scale and broad experience presents numerous opportunities to IRESS and our clients”, added Walsh.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development