Asendium partners with software firm for ‘dynamic’ SOAs

The firms said that through the partnership, Asendium clients will have access to a detailed and compliant statement of advice (SOA) document that is linked to their Asendium account.

For licensees, the partnership provides a single SOA that is manageable through Asendium for their adviser base at a fraction of the cost of traditional SOA management.

Moreover, the firm confirmed that for those that require a customised option, Enzumo can build and maintain their SOA template through the Asendium platform.

“Asendium is laser focused on streamlining the advice delivery process, and the SOA is a huge part of that,” said Asendium chief executive Scott Miller.

“The Enzumo template creates a living document that is updated dynamically to reflect regulatory change and works for any financial adviser or licensee. It is high quality and far more straightforward than the SOAs currently being used by advisers.”

Asendium said that because it is CRM agnostic, Enzumo will also be able to service existing XPLAN users. Asendium customers who use XPLAN will also be able to work with Enzumo on its specialist workflow design service.

“At Enzumo, we believe this strategic partnership allows us to be a key part of delivering the next stage of financial advice technology,” said Enzumo national account manager, James Blanton.

“We currently work with many advice businesses on how they can create efficiencies utilising and managing their own XPLAN sites, and through our partnership with Asendium, we will be able to complement this by allowing every Asendium user access to world-class financial advice templates, and offering our consulting services where they may need help on XPLAN or other parts of their tech solutions.”

In February, Asendium announced a collaboration with the University of Technology Sydney (UTS) to provide its master of financial planning students with hands-on experience with financial advice technology and “real-world experience in creating financial advice”.