Dear Members of the Financial Advisory Community

Greetings from OMNIMax !

The wave of regulations is sweeping  across  various jurisdictions, across the world. Disclosure Transparency are the new mantras and Regulators are looking at distinction of Advisor and Agents.

The delivery of Financial Services is moving from Product Sales to a Personal Financial Planning approach. The guiding force is a Financial Plan, which is a guide for the future and a bible for success.

Financial Planners, have a common issue in mind when acquiring Clients, with a Financial Planning Perspectives.

• Time is lost getting the Clients to get to meet them initially.
• Planners never get the Financial Data to begin the process of Financial Planning.
• Client have initial inertia in decision making, in terms of understanding the value-add of Financial Planner
• Clients require a good reference or a Good Client Experience to believe in the abilities of a Financial Planner.

The initial connection with the client, can be the most frustrating part of the engagement. Also, The first interaction with the client, should ideally be the most productive as well.  Client, at their end, have a issue of dependability and sharing key financial information with advisors, who still need to win the trust of the client.

Financial Literacy, is a Global Challenge. Fear and Greed are the dominant attitudes and understanding from clients on the Financial Planning Process, and even their own goals and objectives is hazy.

Using a Software, brings the possibility to standardize the Financial Planning Process and bring tools to analyse the Client Goals Objectives and Overall Achievability. There is a Standard audit trail, which bring accountability and not to mention, the time / cost savings from a Advisor Perspective.

Globally, Established Markets have a checkered history of delivering financial services. Client’s Needs have not always been No 1 Priority, and mis-selling has been prevalent, but the migration from commissions to a fee based approach , wil help align client interests.

OMNIMax Financial Health Check , assists advisors in establishing the Client relationship and collect data online while the OMNIMax Advice Map embodies both the process and the analytical features to offer sound advice, based on Goals and Objectives and create a Map for Client’s Financial Future.