Composer 10.0

Updates

Full revamp of the Investment Recommendations screen to allow the inclusion of several Wealthsolver scenarios in order to present alternative product comparison for each individual product as well as ability to specify narrative around specific product recommendation

Added Better Position Statement screen which allows adviser to specify whether each objective will be met and the reason behind

Added Alternative Strategies and Products as a separate screen in addition to the alternative strategy tab at the strategy level. This gives the user more flexibility on where to enter in alternative strategies.

Added ability to merge the Safe Harbour Checklist upon completion of the wizard and automatically save in client file notes.

Composer 9.0

Updates

Creation of Quickplan feature which goal is to create advice documents in less than 40 minutes including modelling

Change in Safe Harbour Checklist to allow "Unsure" option

Adding ability to enter a custom cover letter via Advice Configuration screen

Ability to merge strategy key benefits to the executive summary

Simplified Wealthsolver configuration screen

Composer 8.0

Updates

Strategy Library Comprehensive review and update (new strategies and rates updates in relation to COVID)

Composer 7.4

Updates

Wealthsolver integrationAdded Like-for-like comparisonGeneralRates and Thresholds updates - March 2020

Changes to backend design to allow practices to have their own customised content.

Bug fixes

Composer 7.3

Updates

Wealthsolver integrationModelling for non-individual entities within WealthSolver will now flow through to the Advice document when entities are included in the advice. The proposal types of Switch Investments, New Plan and Plan Review are available for trust, company and partnership. Only investment plans are available for non-individual entities.

SMSF entities must be managed through the Joint Proposal so that Ownership can be tracked. The proposal type available is Plan Review.GeneralChange to backend structure to allow multiple version of Composer to run on a single XPLAN site (e.g: production version and development version available to a working group only)

Composer 7.2

Updates

CALM Projections208 new CALM projections added to CALM screen in the wizardGeneralFormat improvement in the About our Advice, Our Advice to You, Insurance Replacement, Cost of Recommendations sections.

Fixes

Financial ProjectionsSome CALM projections generate an error messageInsurance Recommendations sectionProtection Summary chart don't appear if Needs Calculator has not been used within the Risk Researcher scenarioRisk Profile sectionError displays when related entity does not have a risk profileOur Advice To YouProducts recommended through Wealthsolver don't appearYour Current SituationTax residence Status always display "No" regardless of its value in XPLAN

Composer 7.1

Updates

GeneralRates and Thresholds update - September 2019Additional entity types: Trust & CompanyUser can now generate an SOA for Trust and Company entitiesStrategy RecommendationsWizard:

Sections have now been split into Tabs.

New text fields have been added for: Overall Key Benefits, Alternative Strategies Considered, Implementation and Further Information.

Section title has been removed from the text field e.g: "Reason for my Recommendation" and incorporated directly in the template.

Template:

Layout has been amended to table format for more clarityProduct Recommendations screenWizard: Product Recommendations screen have been added to allow user to enter their preferred product information and recommendation details. Captured details will flow through in the Investment or Insurance Recommendations sectionsGoals and Objectives screenIn Scope/Out-of-scope filter is now available for the Objectives group field.Action PlanAddition of Who is responsible fieldOur advice to you sectionOverall Key Benefits no longer reads from the Objectives group field but the Strategy Recommendation group field.

Change of layout for more clarity

Inclusion of Recommended Products from the Product Recommendations screenAbout our advice sectionChange of layout for more clarity

Fixes

CALM | Income Support - Pension table is showing an error in the documentXTools+ element in the wizard has now been updated to reflect the change in CALM where Income Pension screen is now split into Pension Summary and Pension DetailsWhen Wealthsolver proposal includes both non-investment and super/pension plans, proposal details won't come throughWhen recommending both non-super investment and super or pension investments within a same proposal, proposal details will come through under the super recommendation.When user elects to display Transactions only output (without Summary) from Wealthsolver, tables won't come throughSummary and Transactions outputs from Wealthsolver are now mutually exclusive.When user does not have a Wealthsolver license, Wealthsolver proposals won't come throughUser does not longer require to hold a Wealthsolver license in order to pull through the details of an existing Wealthsolver scenario into the advice document

Composer 6.5

Updates

GeneralOrder of the sections have been changed following user feedbackFinancial projectionsUser can now choose from the wizard whether to place the financial projections in the body of the SOA or in appendixOur advice to you sectionUser can now populate the overall key benefits from within the Objective group field in the wizardOngoing Service sectionUser can now choose category based service package to define the recommended ongoing servicesAbout of our Advice sectionOrder of the sections have been amended to allow for better clarity.Cost of Recommendations sectionCommission table has been redesigned for more clarity

Fixes

Header and footer breaking onto new lineHeader and Footer have now be amended to avoid breaking on new lineClient name not consistent across the SOA. Client name displays consistently the client preferred name across the Advice document.Table of content not displaying correctlyTable of client now displays correctly all level one heading without user having to manually update the tableError in variance to target allocationVariance to target allocation table in now displaying the correct amount

Composer 6.4.2.1

Updates

Rate and Threshold Updates Income support thresholds and limits - 20 March 2019

Composer 6.4.2

Updates

Risk Profile Description and Asset allocationComposer template now reads Risk Profile description and Asset Allocation automatically from the Assumption > Risk Profile screen. This allows the SOA to immediately take into account any changes that the practice might want to make in relation to risk profiles.Current Situation FormattingReformatting of the Current Situation (summary and detailed section) to remove decimal points from $ amounts.

Fixes

Bug FixesGeneral bug fixes

Composer 6.4.1

Updates

Introduction screenUser can now access Composer User Training Manual from the Introduction screenWealthsolver screenOptions to include projection charts from Wealthsolver are now available. User can choose to include any of the following projections:

Wealth ProjectionWealth Projection (Present Value)Accumulated Fees ProjectionFees Comparison ChartPension ProjectionStrategy recommendation screenPreviously, recommended strategies had to be linked to at least one in-scope objective to appear in the SOA. An option is now available to allow user to recommend a strategy without having to link it to an objective.

Fixes

Replacement of productWealthsolver proposal comparison for the partner entity does not display when selected in the wizardWealthsolver PDSWealthsolver PDS documents do not get attached to the SOA