Financial advisers in Singapore, Malaysia, and Thailand who were using GoalsMapper benefited from up to a month's free subscription on the platform in April. This initiative costs the GoalsMapper team approximately USD$70,000 in revenue.
Some financial advisers have taken a hit to their incomes, ever since stricter movement restrictions were implemented in the region. They are now turning to GoalsMapper to support them in online meetings with clients.
"During the Circuit Breaker period, financial advisers are not able to conduct face-to-face meetings with clients. The current situation has caused us to expedite the pace of using technology to explore new ways of working and connecting with clients," said Alfred Chia, CEO of SingCapital Pte Ltd, a leading MAS-licensed Financial Advisory Firm.
GoalsMapper is currently used by more than 1,600 financial advisers from major insurers such as AIA, Prudential, and AXA in Singapore, Malaysia, and Thailand
"We know that the restrictions require financial advisers to make a big shift in how they work. There have also been recent reports on people deferring their insurance premium payments due to changes in their financial situations. This is a difficult time for financial advisers and we hope to better support them in this pandemic," said Dato' Wayne Chen, CEO, GoalsMapper.
Bringing consultations online
Financial advisers traditionally use paper, pen, or Microsoft Excel to help clients chart out their financial goals and needs when planning for the future. The GoalsMapper application revolutionises this process simply by allowing financial advisers to key in their client's information such as a housing mortgage, children's education expenses, and their ideal retirement ages, and the platform will generate automated charts that enable them to visualise the cash that they require to achieve these life goals.
Through presenting visual charts of their clients' financial situations, advisers are better equipped to have more in-depth online consultations with clients. The platform also enables people to simultaneously plan and account for multiple financial goals and scenarios.
More on GoalsMapper
Financial advisers seek online solutions amidst COVID-19 pandemic
Redefining financial planning in partnership with advisers - GoalsMapper
Financial planning tool GoalsMapper sees 70% spike in users
Not a Goalsmapper user yet?
To ensure more people are staying home, keeping safe, and still productive, GoalsMapper is offering a promo on their annual subscription fees for Asia Advisers Network readers. From the usual SGD888.00/yr to just SGD699 for new subscribers for the first year of subscription.
If you'd like to subscribe to it, use this special link by clicking here.
Or simply scan this QR code with your mobile camera.
GoalsMapper has also recently received the Singapore FinTech Association Certification. Singapore-based Financial Institutions with less than 200 employees can explore using its solutions with subsidy. Get in touch to find out more.
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GoalsMapper has been awarded as InsurTech of the Year by the 4th Asia Trusted Life Agents & Advisers Awards 2019.
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