Online fact-find and risk profiling tools

Discover the top suppliers of online fact-find and risk profiling tools used by wealth professionals, and learn how advice firms are using this technology.

What are the most popular online fact-find and risk profiling tools?

Online fact-find and risk profiling tools are used to capture information about the client during the fact-find process, including analysis of their risk profile.

A great online fact-find and risk profiling tool can benefit your advice business by streamlining initial meetings and the fact-find process, improving customer experience, and speeding up the SOA and ROA process.

Research from the Netwealth 2021 AdviceTech Report shows that the top 5 suppliers of online fact-find and risk profiling tools used by wealth professionals and financial advisers include: Astute Wheel (34.2 per cent of advice firms),  Xplan (18.0 per cent), Finametrica (16.2 per cent), MyProsperity (13.5 per cent), and a solution built in-house (10.8 per cent).


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How are advice firms using this technology?

31.9 per cent of advice firms currently use online self-service tools in order to capture client or prospect information, including their risk profile.

Advice firms see the value in this AdviceTech, with 40.2 per cent planning to implement this technology in the next 24 months.

For those firms that use this technology almost half (42.6 per cent) do so weekly, whilst over a third (36.8 per cent) do so daily.

Netwealth's 2021 AdviceTech Report

The 2021 Netwealth AdviceTech Report explores six major opportunities and crucial technology trends that advice firms should consider as they evolve their client value proposition and enhance their customer experience.

More AdviceTech resources

Innovation workshop 

Netwealth has designed this 90-minute workshop to help you and your team prioritise technology solutions against business objectives to develop your business' AdviceTech roadmap.

Download toolkit

The Emerging Affluent Report

This report is a playbook for financial advisers on how to attract, manage and retain The Emerging Affluent.

Download report

2021 AdviceTech summary video from Matt Heine

This 12 minute video explores some of the core themes that are highlighted in Netwealth's 2021 AdviceTech report.

Watch Video