Published 21-02-2017

Optimo Financial Releases Super Changes to Pathfinder Online

Optimo Financial has released the new super changes in its Pathfinder Online strategy modelling software.

“We believe we are the first software provider to include the recent Super changes” said Hugh Bannister, Optimo Financial’s CEO, about the Fair and Sustainable Superannuation Bill legislated a range of Super changes to apply from July 1 this year. “We can develop, test and deploy legislative changes very quickly in Pathfinder. We’ve proven our modelling over the past decade, and the new interface is easy to use, so advisers can easily incorporate Pathfinder into their business”.

Optimo Financial also released its pricing, which will apply with the production release of Pathfinder Online, scheduled for the first half of this year.

“Our pricing structure is pay-for-what you-use, so it is attractive to advisers who don’t want to add to their overhead costs and who are focussed on developing a robust, comprehensive financial strategy for their clients”, Mr Bannister said.

“Right now, advisers can trial our advanced beta version for free. The feedback has been positive, our Beta users like the comprehensive modelling and find it easy to use. We’re now implementing the most commonly requested new features in preparation for the production release”.

Optimo Financial is an established, Sydney-based Fintech company and its Pathfinder Online platform is built on optimisation technology that incorporates tax law, superannuation legislation, family tax benefits, the age pension and a host of other financial rules and options.

published 14 -09-2016

Optimo Launches Robo-Strategy Platform

One of the boldest thought-leaders of the Australian financial planning industry is about to change the face of the financial planning industry, with new technology that offers holistic and automated financial planning, in real time. And it’s free!

Optimo Financial will today launch the Public Beta online version of its paraplanning and modelling software, Optimo Pathfinder Online. This is one software update no financial adviser can afford to ignore. For the first time, financial advisers will be able to provide their clients with a comprehensive, full-financial roadmap with up to twenty-year projections, in a couple of minutes.

Current financial planning software and robo-advice platforms focus on asset allocation. The financial strategy is still a manual exercise and open to the biases of the adviser or paraplanner. There are often multiple modules of data entry which deliver second best results because they miss the “big picture”. Optimo Pathfinder Online changes all of that, offering a 24/7 system that allows financial advisers and paraplanners to deliver comprehensive strategic financial advice to clients within minutes.

Using a robust and sophisticated algorithm developed by Optimo Financial’s founding principals, Hugh Bannister and Dr. Ken Stocks, Optimo Pathfinder Online provides a strategy which is calculated holistically rather than in separate modules. It deals with tax, super, family tax benefits, the age pension and a host of other issues to meet the client’s lifestyle and financial goals.

“This is the sort of shift in paraplanning that financial advisers have been waiting for,” says Optimo Financial CEO, Hugh Bannister. “For too long advisers have relied on cumbersome, manually driven or multi-module software programs and third-party paraplanning services. With Optimo Pathfinder Online, we can provide financial advisers and paraplanners with excellent service, in real time, at any time, backed by our industrial-strength optimiser and patented algorithm.”

“Optimo Financial’s focus has always been to provide solutions for advisers to be able to work faster and more effectively. Optimo Pathfinder Online puts this capability at your fingertips. There is nothing else like it on the market.”

Published 10-08-2016

Optimo trials Robo-Strategy Platform

Optimo Financial has announced it will be piloting its new robo-strategy platform with a select group of financial planners and will release the service to the public next month.

In a statement, Optimo Financial said its new custom-built, automated strategy optimisation service, Optimo Pathfinder, “will do all modelling calculations for financial planners and paraplanners for periods up to 20 years and beyond".

A further advantage of Pathfinder’s optimisation process is that it covers all aspects of the clients’ specific situation. The strategy is calculated holistically, rather than in separate modules. For example, in a single case it can find the best balance between directly owned assets and Superannuation (incl. SMSF’s) while also accounting for transition-to-retirement and working out whether any loan repayments should be above the minimum. It works out each strategy based on the specific input data to create a tailored strategy and does not follow trends or biases. Pathfinder takes the guesswork out of strategy development.

Optimo Financial’s General Manager Rob van Dalen said “We are moving our services to the cloud and handing over the keys to the financial planners and paraplanners – for free!” The platform is currently in Beta and will provide the modelling results in tables, but when released will include automated Strategy Papers and online Statement of Advice production, created by the robo-platform.

Mr van Dalen said: “Optimo Pathfinder will be a huge time saver for any planner or paraplanner, no longer does he or she need to wait for modelling results or use complicated software to try to obtain the optimised results. Pathfinder does all of this in one go and is not broken up into ‘modules’ as so many other software platforms are.”

“It will appeal particularly to those planners who want to deliver high quality financial strategies but don’t want to invest a lot of money in complicated software.

The initial pilot is designed to test the user interface and enable Optimo Financial to make minor tweaks if required before rolling out over the next few weeks.