Release Notes - December 2, 2021
This release note article outlines the latest features, product enhancements, and bug fixes implemented in the Advice Revolution portal.
New Feature/s:Client Fact Find Consent.
1. Enabling and customizing the flow for clients to provide digital consent via Client Portal
2. The ability for clients to edit details of their digital Fact Find prior to providing their consent
3. Addition of client digital signature fields in the Fact Find document generated via Adviser Portal
Client Data Fact Find Change Report
1. See a report of what a client has changed in the client portal
Enhancements:
Adviser Home Page
1. Shortcut button to Client Portal Settings
2. Retirement module
Adding superannuation contributions
Adding Centrelink, Retirement details are now available in Adviser and Client Portal
Adding Superannuation details is now available in Adviser Portal
3. Income Module
Adding of Centrelink payments
Display of other income entries in the summary table now includes Pension income
Linking of employer contributions to Superannuation funds via Add Earned Income button
For pulled entries from Xplan, users now have the ability to link the earned income to Employer / Employment, and employer contributions to Superannuation funds
4. Insurance Module
Adding of insurance premiums and fees
Adding of new people, entities, and superannuation funds as Policy Owners are now available
5. Expenses Module
Insurance Premiums are now included on a client level
6. Entities Module
Adding details to SMSF members when creating an SMSF
7. Fact Find Document
Updates made to the following sections of the Fact Find document:
Client Details
Entities (SMSF details)
Superannuation and Pension
Centrelink and Retirement
Insurances
Assets
Debts
Styling and layout to adhere to Viridian’s brand guidelines
8. Client Portal Settings
1. Link to the Knowledge Center regarding the use of Standard and Detailed versions of the forms in the Client Portal site.
2. For a more intuitive experience, the Update button only appears when advisers have already invited their clients to access the Client Portal.
9. Client Portal Status
1. Not Accessed - default status
2. Sent invite to Client - client registration email has been sent to the Client
3. Awaiting Fact Find Update - Client has logged in, but not yet finished all sections
4. Awaiting Fact Find Consent - Client has finished all sections, but not yet provided consent
5. Fact Find Update Completed - Client has finished all sections, and Consent is not enabled
6. Fact Find Consent Receive - Client has finished all sections, and confirmed consent
7. Removal of copy link button in the Client Portal Update confirmation page
10. Product Service Status
11. Status of the Fact Find Components
| Fact Find Components Status |
| Sections | Adviser Portal | Client Portal |
| Mini Fact Find | ✓ | ✓ |
| Add Client | ✓ | x |
| People | ✓ | ✓ |
| Entities | ✓ | ✓ |
| Address | ✓ | ✓ |
| Contact Details | ✓ | ✓ |
| Employment | ✓ | ✓ |
| Assets | ✓ | ✓ |
| Debts | ✓ | ✓ |
Retirement
(Super, Pension and Centrelink)
| ✓ | ✓ |
Stand alone Annuities
(currently inside Assets)
| x | x |
| Insurance | ✓ | x |
| Income | ✓ | ✓ |
| Expenses | ✓ | ✓ |
| Goals | ✓ | x |
| Advice Scope | ✓ | x |
| File Notes | ✓ | x |
Tasks
(available inside of file notes) | ✓
| x |
| Estate Planning | ✓ | x |
| Needs and Preferences | ✓ | x |
| Aged Care | x | x |
| Business Insurance | x | x |
| General Insurance | x | x |
| Investment Holdings | x | x |
| Advice Fees (specialist module) | x | x |
12. Xplan Integration Status
AR Module | Xplan |
| Standard Xplan Module (customised sites may not match this exactly) | Push | Pull | Comments |
| Mini Fact Find | Many | ✓ | ✓ | Range amounts do not get pushed to Xplan
If no amount is specified, Asset/Debt/Retirement entries will not be created in Adviser Portal |
| Add Client | Entities and Contact | ✓ | ✓ | |
| People | Clients/Entities | ✓ | ✓ | Professionals are not pushed to Xplan |
| Entities | Clients/Entities | ✓ | ✓ | Only Entities that are related to Clients are pulled |
| Address | Contact Details - Address | ✓ | ✓ | |
| Contact Details | Contact Details - Telephone/Email | ✓ | ✓ | |
| Employment | Employment | ✓ | ✓ | |
| Assets | Assets | ✓ | ✓ | Annuities are sent to assets module in Xplan and not the specialist Annuities module |
| Debts | Liabilities | ✓ | ✓ | |
| Retirement - Superannuation | Existing Fund | ✓ | ✓ | |
| Retirement - Pension | Retirement Income | ✓ | ✓ | |
| Insurance | Insurance - Existing Policies | ✓ | ✓ | |
| Income | Income | ✓ | ✓ | |
| Expenses | Expenses | ✓ | ✓ | Pulled expenses of unsupported types are set to Other Expenses |
| Objectives | Objectives | ✓ | x | Assigned to all clients |
| Goals | Goals | ✓ | ✓ | |
| Advice Scope | - | ✓ | ✓ | Every Goal linked to an Advice Scope will be pushed as a new entry in XPlan. That is, if a Goal is linked to multiple Advice Scopes, multiple Goal entries will be created in XPlan with different categories. |
| File Notes | File Notes | ✓ | ✓ | Tasks and other Document details are merged in the File Notes' contents/summary when pushed in XPlan |
| Tasks | - | x | x | Tasks and other Document details are merged in the File Notes' contents/summary when pushed in XPlan |
| Estate Planning | Estate Details,
Existing Fund Beneficiaries, Retirement Income Beneficiaries | ✓ | ✓ | SMSF Beneficiaries in XPlan, if any, are listed in the notes section only |
| Needs and Preferences | Many | x | x | |
| Centrelink | Centrelink | ✓ | ✓ | |
| Aged Care | TBD | x | x | |
| Business Insurance | TBD | x | x | |
| General Insurance | General Insurance | x | x | |
| Investment Holdings | TBD | x | x |
13. Worksorted Integration Status
AR Module | Worksorted |
| Push | Pull | Comments |
| Mini Fact Find | N/A | N/A | |
| Add Client | N/A | N/A | |
| People | ✓ | x | Professionals are not pushed to Worksorted |
| Entities | ✓ | x | |
| Address | ✓ | x | |
| Contact Details | ✓ | x | |
| Employment | ✓ | x | |
| Assets | ✓ | x | Only descriptions (Vehicle Make, Provider, Property Address) are pushed and is limited to these types of Assets in Worksorted:
Vehicle
Bank/Investment Accounts
Principal Residence |
| Debts | ✓ | x | Only the outstanding balance is pushed and is limited to these types of Debts in Worksorted:
Home Loan
Personal Loan
Credit Card Balance
Investment Loan
Other Loan |
| Retirement - Superannuation | x | x | |
| Retirement - Pension | x | x | |
| Insurance | x | x | |
| Income | ✓ | x | |
| Expenses | x | x | |
| Objectives | x | x | |
| Goals | x | x | |
| Advice Scope | x | x | |
| File Notes | x | x | |
| Tasks | x | x | |
| Estate Planning | x | x | |
| Needs and Preferences | x | x | |
| Centrelink | x | x | |
| Aged Care | x | x | |
| Business Insurance | x | x | |
| General Insurance | x | x | |
| Investment Holdings | x | x |
Bugs Squashed
1. [Xplan Sync] ABN, ACN TFN fields of Entities now support alphanumeric values
2. Use of clients’ preferred email as the basis for sending the client portal emails
3. Description of expenses pulled from Xplan are now mapped to AR expenses notes
4. For each Other Expense entry pulled from Xplan, a new Other Expense entry will be created in AR
5. ACN field can now be edited via Edit button in the Entities module
6. Updated Employers are now mapped to Xplan Employment
7. Existing AR client contacts can now be pulled from Xplan as a Primary Client in AR
8. Other Expenses are now showing in the Expense section of the Fact Find documentNeed more help?
If you have any questions or need a feature walkthrough, the Advice Revolution Support Team is happy to help. Send us a message at our support email, support@advicerevolution.com.au.
Alternatively, if you want to book a 20 to 30-minute Get Help session with our team, kindly use this calendar to book the session.
Published and updated on: June 21, 2024
Version 1.1
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