Tribel to launch new digital estate planning platform

Australian advisory firm Tribel is set to deploy a new estate planning platform built by dedicated estate planning fintech developer Yodal.

The white-label solution promises a “flexible, cost-effective estate planning service” for Tribel’s network of financial advisers, accountants and mortgage brokers.

Tribel national head of advice Simon Little welcomed the platform’s integration, which he said would enhance the group’s value proposition and deliver to its clients a holistic financial well-being solution meeting the needs of their financial life journey.

“We are excited to partner with Yodal to deliver a dynamic, scalable solution to our national network of accountants and advisers and their clients,” he said.

“As accountants and advisers, we can play an important role in helping clients determine how they want their affairs and assets to be managed and distributed after they’re gone, ensuring their legacy is honoured as they intended.”

Yodal says its API-enabled platform can be seamlessly integrated into existing technology systems.

The platform, it adds, gathers and stores the client information necessary for building comprehensive estate plans, enabling the pre-population of relevant data to accelerate the will creation process. The platform also alerts clients if further information is required, and can “seamlessly connect” these clients to a panel of specialist estate planning legal partners.

Yodal chief executive Brandon Thompson said the fintech is supporting advisers in reshaping the estate planning experience, “supporting them to develop and deliver an invaluable service that not only builds client relationships but also fosters initial and ongoing engagement with family members and future generations.”

He added that, “traditionally, advisers have had little-to-no visibility over the estate planning process beyond the initial referral, often resulting in sub-optimal outcomes including nothing being done, poor tax outcomes and potential brand damage to the advisory firm.”