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SuiteBox Teams Up with Midwinter To Ease Compliance Burdens for Investment Advisors

SuiteBox Teams Up with Midwinter To Ease Compliance Burdens for Investment Advisors

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For financial planners in Australia, meeting the Future of Financial Advice (FoFA) opt-in rules just got a lot easier.

SuiteBox and Midwinter have created an integrated solution that enables financial professionals to meet with clients in online virtual offices, share screens, and secure electronic signatures—with every interaction recorded to ensure compliance and meet regulatory standards like FoFA opt-in.

“The combination of Midwinter’s advice software (AdviceOS) with SuiteBox sets a new benchmark for efficiency, compliance, and client engagement for advisers in Australia,” said Ian Dunbar, SuiteBox CEO. Midwinter Managing Director Julian Plummer spoke directly to the FoFA opt-in issue saying that it was “exciting to be able to tick this one off our list.” But like Dunbar, Plummer spoke of the integrated solution—enabling more than just better and easier compliance—and praised how the combined technologies pave the way for “new methods of advice delivery” as well.

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Pictured (left to right): SuiteBox’s Trevor Stacey and Ian Dunbar demonstrated SuiteBox at FinovateEurope 2016 in London.

Watch the solution in action. The ability to sign documents electronically within the virtual meeting is one of the key elements of the SuiteBox platform, enabling the opt-in process to take place remotely and be recorded. “We understand the frustrations planners have about having to undergo the opt-in process and how time consuming it can be,” added Plummer.

This feature was what helped SuiteBox win “Best Technology” at the Melbourne Showcase last month, with the judges praising the platform as a “clean and simple solution” to improve customer engagement. The company was recognized in April as having tools key for those running super-annuation funds. And in January, ahead of its Finovate debut, SuiteBox won the mobile category in the KPMG Innovation Challenge.

Founded in 2013 and based in Auckland, New Zealand, SuiteBox demonstrated its technology at FinovateEurope 2016. Check out our feature on SuiteBox from earlier this year.