Cash flow, budgeting and account aggregation tools

Discover the top suppliers of cash flow, budgeting and account aggregation tools used by wealth professionals, and learn how advice firms are using this technology.

What are the most popular cash flow, budgeting and account aggregation tools?

A cash flow, budgeting and account aggregation tool is used to amalgamate bank, super and investment accounts into a single online interface for tracking and managing money, investments, cash flow, budgeting and savings goals.

A great cash flow, budgeting and account aggregation tool can benefit your business in a number of ways. A new service offering for many advisers, this aggregation technology is particularly useful for younger generations of clients. It helps clients keep savings on track, helps improve client engagement, and it helps advisers to get a better understanding of a client's position.

Research from the Netwealth 2022 AdviceTech Report shows that the top 5 suppliers of cash flow, budgeting and account aggregation tools used by wealth professionals and financial advisers include: Xplan (39.7.0 per cent of advice firms), Microsoft Excel/Google Sheets (19.8 per cent), MyProsperity (16.8 per cent), Xero (9.9 per cent) and Moneysoft (7.6 per cent).

 

Reports

2022 AdviceTech report

Explore the human side of adviser technology with the 2022 AdviceTech suite of reports on staff, clients and technology suppliers.

AdviceTech and the staff experience

This report examines how technology is linked to staff satisfaction and ultimately client satisfaction. You will learn what you can do to maximise staff engagement and satisfaction in a hybrid working environment, and the support, training and infrastructure required to properly support your staff.

Download the report

AdviceTech and the client experience

In this report we unpack eight important technology trends that matter to clients. You will understand the role of hybrid client communications, the shift to self-service digital tools, how to unlock opportunities with data, and discover the importance of data visualisation in client education.

Download the report

AdviceTech 2022 Buyer's Guide

Technology selection and implementation is challenging. In this guide we provide you with the information to help - with descriptions of over 35 different technologies and the most used suppliers in their categories. The report also examines the factors to consider when selecting a technology partner.

Download the guide

How are advice firms using this technology?

Four in 10 advice firms (43.9 per cent) use cashflow, budgeting and account integration tools and 17.5 per cent looking to implement the technology in the next 24 months.

For those firms that use cash flow, budgeting and account aggregation tools, almost half (44.2 per cent) use them weekly and almost a third (32.6 per cent) use them daily.

AdviceTech Resources

More AdviceTech resources

Take a closer look at more AdviceTech related resources in our collection of whitepapers, workshops, articles and podcasts.

Workshop

AdviceTech Roadmap workshop

Develop your AdviceTech roadmap with this free AdviceTech Roadmap workshop. A 90-minute team activity designed to help you prioritise technology solutions and develop a technology adoption strategy for your business.

Access the workshop

Podcast

Capitalising on data with wealth technology

Listen to Paul Campbell, Managing Director of Xeppo, as he shares the important role of data for business efficiency, using data insights to unlock opportunities, approaching data strategy and what to think about on the next technological roadmap.

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Podcast

Connecting staff and technology to scale wealth firms

Hear Catherine Robson, Founder of Affinity Private Advisors, discuss why recognising your leadership style, building relationships with staff and harnessing technology is crucial to scaling a business.

Listen now

Article

How to decide whether to buy, build or partner

Should you build your own fintech product, buy one off the shelf, or partner with a technology provider to develop a customised solution? This article will help you to make the right decision for your fintech project.

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Article

Embracing AI: Practical next steps for advisers 

The evolution of artificial intelligence (AI) has fascinated people across the world, but as automation progresses and AI takes over certain expert roles, people are becoming genuinely afraid for their jobs and livelihood.

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Demo day

Netwealth's AdviceTech solution

Understand how Netwealth can help you see wealth differently and learn how we can support you with market leading technology, excellent customer support and expertise to help your wealth and advice business thrive.

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White paper

The Established Affluent

In Netwealth's 2022 Advisable Australian Report we pay special attention to the Established Affluent, some of the wealthiest and most well-established Australians, and provide a playbook for financial advisers on how to attract, advise and service this key target market.

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White paper

The Emerging Affluent

For wealth businesses to thrive in the future, The Emerging Affluent is a critical market to be aware of and develop key client strategies for. This report is a playbook on how to attract, manage and retain The Emerging Affluent.

Download now