IOOF completes ‘milestone’ migration

IOOF chief distribution officer Mark Oliver called the news a “significant milestone” for advisers and clients, with the total number of client accounts on the Evolve platform ticking over 275,000 and $41 billion in funds under administration (FUA).

“This migration sees us complete the consolidation from two platforms to one go-forward ecosystem, providing clients with access to leading edge technology that is intuitive and simple to use, supporting business efficiency for advisers while enabling better outcomes for their clients,” Mr Oliver said.

The latest phase introduces new features to the platform including enhanced functionality for online advice fee renewals and the use of DocuSign for non-binding and binding non-lapsing beneficiary nominations.

Mr Oliver said the Evolve platform was designed in an effort to adapt to the changing needs of both advisers and clients.

“Listening to advisers, understanding their needs and the needs of their clients remains integral to Evolve continuing to reduce complexity, create efficiencies and deliver a high-quality user experience,” he said.

IOOF said it will continue to develop its product simplification road map and consolidate platforms and products acquired in the recent MLC and ANZ P&I transactions.

Neil Griffiths

Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily.

Neil is also the host of the ifa show podcast.