Advise Wise, a platform for financial advisers, has added a new feature with 20 optional underwriting questions to its platform. The questions, which are linked to the latest lender criteria, help to provide more accurate and efficient product recommendations for clients. This enhancement supports advisers with innovative technology and simplifies the advising process, as it automatically filters product search results based on the client's specific property details. With this new feature, advisers can now give more accurate recommendations and generate better outcomes for their clients without the need for additional tools or software.
Be Wise and Advise: Embracing Technology to Enhance Financial Advising
Background
Advise Wise, a leading platform for financial advisers, has recently introduced an innovative feature to enhance the efficiency and accuracy of financial advising. By integrating 20 optional underwriting questions linked to the latest lender criteria, the platform empowers advisers to deliver exceptional recommendations tailored to each client's unique circumstances.
Key Benefits
This new feature streamlines the advising process in several ways:
FAQs
1. What is the purpose of the 20 underwriting questions?
The questions gather essential information about the client's property details, financial situation, and loan objectives, enabling advisers to provide more tailored recommendations.
2. Are the questions mandatory?
No, the questions are optional. Advisers can choose to incorporate them into their client interactions based on their specific needs.
3. How does the platform filter product search results?
The platform uses the answers provided by clients to match them with products that meet their individual criteria. This ensures that advisers only present relevant options.
4. Are there other benefits to using Advise Wise?
In addition to the new underwriting questions, the platform provides a range of other tools and resources to support advisers, including client management, compliance, and marketing capabilities.
5. What are some notable past innovations from Advise Wise?
Advise Wise has consistently invested in innovation. Notable past enhancements include the introduction of a mobile app for advisers and a digital onboarding tool for clients.
Conclusion
Advise Wise's latest underwriting question feature demonstrates the company's commitment to leveraging technology to enhance the financial advising experience. By automating product filtering and providing accurate recommendations, the platform empowers advisers to deliver superior service to their clients and simplify the advising process. This innovation reinforces Advise Wise's position as a leading provider of financial advising solutions.
Piyush Pandey, the iconic figure in the Indian advertising industry, has passed away at the age of 70. With his powerful storytelling and campaigns that spoke to India in its own language, he transformed the country's advertising landscape. He was also the first Indian ad professional to receive the Padma Shri, a testament to his immense contributions to the industry. Despite stepping down from his role as Executive Chairman of Ogilvy India, his legacy will continue to inspire and shape the world of branding.
A recent RBI bulletin has revealed that the profitability of Indian companies has nearly tripled since the onset of the Covid-19 pandemic. The corporate profit-to-GDP ratio has reached a 17-year high, with large companies emerging as the primary contributors to this increase. This surge has been attributed to pandemic-induced pent-up demand, manufacturing resilience, and improved operational efficiency. However, despite this growth, corporate credit growth remains muted as firms are sitting on significant cash reserves, reducing their reliance on bank loans.
The Employees’ Provident Fund Organisation (EPFO) has announced five major changes to the Employees’ Pension Scheme (EPS) that will significantly impact the retirement savings of salaried employees. These changes include a revised method of pension calculation, an increase in the maximum pension limit from Rs 7,500 to Rs 15,000 per month, and a reduced minimum age for drawing pension from 58 to 50 years. These revisions aim to simplify pension access, increase benefits, and improve portability for members across the country. This move, following a Supreme Court directive, is expected to provide major relief to pensioners and ensure a fair and realistic computation for employees.
Major stock indexes trended downwards on Wednesday as earnings reports pour in and trade tensions between the US and China resurface. The Nasdaq, Dow Jones Industrial Average, and S&P 500 all ended the day in the red, with pressure from a report that the White House is considering export restrictions on China. Meanwhile, gold prices saw a slight increase and the 10-year Treasury yield ticked lower. Among corporate news, Netflix reported weaker-than-expected quarterly profit while Intuitive Surgical saw a boost in shares after exceeding expectations. DraftKings also rose upon news of their acquisition of Railbird, while Tesla and IBM prepared for their third-quarter results. Lastly, AT&T and Alphabet had mixed revenue results, causing their stocks to decline and fluctuate.
Zoho, the popular business productivity software company, is making its entry into the consumer fintech space with the launch of Zoho Pay. This standalone app will also be integrated into the company's chat platform, Arattai, allowing users to easily send and receive money while chatting with others. Zoho plans to expand their fintech offerings to include lending, broking, insurance, and wealth-tech, and sees Zoho Pay as a key component of their overall financial services ecosystem. This move also positions Arattai as a competitor to WhatsApp in the Indian market, as it experiences a surge in downloads driven by government support and privacy concerns surrounding global tech platforms.
Multinational digital tech giant Philips, known for its innovative products, lost a 20-year legal battle before the Delhi High Court. The case involved allegations of patent infringement against an Indian company in the manufacturing and sale of Video Compact Discs (VCD). The court's decision was a blow to Philips, highlighting the importance of protecting intellectual property in the business world.
Concord Control Systems, Elecon Engineering, and Welcure Drugs & Pharmaceuticals are among the companies to trade ex-date for corporate actions such as bonus issues, interim dividends, and stock splits. The ex-date is an important marker for investors, as those purchasing shares on or after this date will not be eligible for the announced benefits. Shareholders of these companies can expect to receive a bonus issue, interim dividend, and stock split in their portfolios, aiming to enhance shareholder value, reward investments, and improve stock liquidity.
Rediffusion's latest campaign for Rasna, titled "India ke Khushiyon ka Vitamin" aims to redefine the mother-child relationship in the modern world. By highlighting the brand's fruit-based drinks as a healthy and refreshing drink for kids, the campaign acknowledges the role of mothers as active partners in their child's growth and development. With a focus on Vitamin Josh and Vitamin Hasi, this new campaign highlights how Rasna is the perfect choice for today's multitasking mothers.
The Indian stock markets took a break on Wednesday in observance of Bali Pratipada, a day that holds cultural significance. The Asian markets, on the other hand, showed a mixed performance with Japan's Nikkei 225 declining, Singapore's Straits Times gaining, and Hong Kong's Hang Seng and Taiwan's Weighted Index decreasing. The previous day's Muhurat Trading session saw slight gains in Indian markets and top gainers included Cipla and Bajaj Finserv.
Investors in the Indian stock markets are getting a break from trading today with markets closed for Diwali Balipratipada. This traditional holiday marks the end of Diwali festivities and symbolizes Lord Vishnu's victory over King Bali. Trading in equity, derivatives, and commodity markets will remain suspended for the day, with normal trading resuming tomorrow. This break is a part of the exchanges' annual holiday list, aligning with important national and religious occasions.