Scientiam, an innovative provider of digital engagement solutions for financial advisors, announce monthly financial advisor growth on their platform of 33%, off the back of a combination of targeted sales and marketing, and platform improvements based on client feedback.
Scientiam enables Financial Advisors to scale their advice businesses. Most advisors have boutique businesses focused on supporting their high-net-worth clients. Yet there is increasing demand for them to improve the efficiency with which they serve these clients as well as extend their services to a broader range of clients with lower portfolio values as the larger firms get disaggregated. The recent inflation, interest rate and market turbulence is fuelling such demand. Scientiam allows IFAs to onboard clients hands free allowing children, friends and families of existing customers to get access to low cost, diversified funds coupled with engagement and portfolio analysis all from a single portal whilst maintaining their practice brand.
“Moroku has been working with Scientiam to design and deliver the solution for a year. The original prototype was created in the low code Bubble with a migration to a contemporary Node.js based system in the cloud on AWS completed over the winter enabling the growth and extensibility we are now achieving with our platforms, people and processes. It’s a great space for technology to really improve the service consumers get as they prepare for their futures and for financial advisors to leverage technology to help them grow,” said Colin Weir, Moroku CEO.
John Hazell Principal of Richmond Partners Advisory Practice, said, “For years clients have been asking us to extend our services to other members of their families and community but we have been unable to do so due to the effort and cost involved. Scientiam has allowed us to say yes to these clients whilst building our client base of the future.”
In September Advisors joining the platform grew 33% month on month. “In these increasingly turbulent times more Australians need advice and financial advisors are well placed to deliver this if they can get access to digital tools to help them provide a service to these clients more efficiently. The word is getting out that Scientiam can deliver and that we have the vision and execution in place. Having Moroku as our technology partner has made all the difference to realising our vision,” added Nigel Baker, Founder of Scientiam.
Key feedback from the early adopters was that there was a need for the service to not only allow clients to be onboarded and engaged with content digitally, but also to see their portfolios. Working with DASH, Moroku has delivered the integration.
“DASH sees itself very much as an ecosystem enabler and we are delighted to partner with Moroku and Scientiam to bring better advice and portfolio performance to more Australians,” said DASH CEO Andrew Whelan.
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