Australian fintech Yodal has launched a tele-estate planning concierge service designed to help advice businesses create and manage estate plans.
After an adviser has held initial estate planning discussions with a client, and worked out what they want to do with their wealth and how that can be appropriately and legally implemented, Yodal’s digital estate planning platform can help draft and review estate plans to be executed by a legal professional.
“With the Yodal platform, advisers can assign tasks for Yodal Concierge to complete, which can save them hours and free them up to spend more time seeing clients,” Yodal head of sales Steve Judd said.
“Our concierge team acts as an extension of an adviser’s business to address bottlenecks in the estate planning process and oversee the proper, timely creation and management of estate plans, giving both clients and advisers confidence and peace of mind.”
Judd said while more advisers are helping clients with their estate plans, they have been hindered by capacity constraints as the number of practitioners in the profession continues to dwindle.
The Yodal service is designed to help both businesses that already provide estate planning services and those that are looking to offer them to their clients.
Yodal director and co-founder Ian Tindale said the company was established to help advisers and accountants by giving them tools to provide a better level of estate planning service to clients.
“An adviser’s role is to help clients achieve their goals and for most people the top priority is protecting and taking care of their family and leaving a legacy,” Tindale said.
“Advisers are ideally positioned to help clients create and manage their estate plans and, when the time comes, oversee the transfer of their wealth as they intended.”
