TNP signs up with X-Plan

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The National Partnership (TNP) has signed an agreement with X-Plan to help its members manage financial adviser compliance in the newly regulated world that's coming.    

Wednesday, April 14th 2010, 3:13PM 2 Comments

by Jenha White

TNP director of operations Jamie Coltman says X-Plan provides robustness with risk planning, investment and mortgage broking perspectives all included, providing one solution for all its members.

The software comprises a number of 'modules' delivered online via a flexible contact and customer relationship management foundation. These modules include risk research and pricing tools, investment management and research, and comprehensive financial planning tools.

Coltman says as New Zealand moves into a higher compliance environment over coming months, advisers need to ensure that their practices have the tools and processes to manage the compliance process, while continuing to maintain and grow business.

"In our view, X-Plan is probably the best software available for this purpose.

"Advisers can use X-Plan stand-alone or they can use our centralised processing hub which provides back office services for advisers anywhere in New Zealand and which also works seamlessly with X-Plan."

Coltman says TNP X-Plan will be impartial as to provider and TNP is building enhancements from standard templates to meet market demands and legislation.

"We are working with providers from fund management to risk and mortgage suppliers to build the necessary templates."

He says TNP X-Plan will be analysed by a pilot user group from May and it will be launched for TNP members on 1 June.

Jenha is a TPL staff reporter. jenha@tarawera.co.nz

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