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Commonwealth Financial Solutions

In the world of financial advice, Commonwealth Financial Solutions Pty Ltd and Financial Wisdom Ltd are participants that have built solid reputations over many years. When it came time for the creation of an adviser minisite, they turned to us. 8 years on, we have developed 4 sites and a raft of innovative software.

The Issues

Commonwealth Financial Solutions Pty Ltd and Financial Wisdom Ltd were initially searching for a microsite to assist their advisers. Some key factors to be addressed included thesecurity of client data, the ability to track investments and multi-user access.

The Solution

We customised our content management system to offer full personalisation capabilities as well as industrial-strength security that restricted content based on security clearance. We innovated a single sign on which revolutionised the way advisers interacted with the website.

The next project completed was the Financial Wisdom public website. We developed postcode geographical search software to enable users to search by postcode or suburb to find their nearest adviser. Users are immediately presented with their closest options, including names and contact details.

The Financial Wisdom X-sites was the third project undertaken whose purpose was to create turnkey adviser websites. The advisers enter their name, address and business focus and the software creates a custom website for their use. The advisers can roll out their personalised website quickly, without a lot of administration. Financial Wisdom maintains control over the advisers' websites through an approval workflow, ensuring the advisers comply with the financial services guidelines and regulations. We developed a benchmarking tool where advisers input their revenue, number of staff and clients under management. The software provides key KPIs and compares the firm against others in the group.

The most current project is the Financial Wisdom Adviser website which provides an intranet and extranet for advisers. Advisers have access to a vast amount of data from policies and procedures to research, business benchmarks and survey tools. We created single sign on software allowing advisers easy access to other websites such as Deutsche Borse and van Eyk. The development offers flexibility and controlled access as well as integration with the commissions system through log in and integration with Colonial First State's single sign on standard (of which we were the architect).

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