AstuteWheel vs Pocket Risk
AstuteWheel
astutewheel.com.auPocket Risk
pocketrisk.comSide by side
| Figure | AstuteWheel | Pocket Risk |
|---|---|---|
| Price from | A$25/mo | Free |
| Free plan | Yes | Yes |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | — | Yes |
| Android | — | Yes |
| Plans published | 9 | 6 |
| Spec score · Financial Planning Software | 8.5 (#12) | 8.2 (#14) |
| Founded | 2012 | 2012 |
| Integration | Xplan/Iress client data integration is available in beta for IFA users with direct Xplan licences and is being rolled out progressively to dealer group licences. | The pricing page names Redtail CRM as an integration and says additional integrations are planned. |
| Purpose | AstuteWheel provides financial planning software for client engagement, advice delivery, practice management and business improvement. | Pocket Risk is an online investment risk tolerance questionnaire for financial advisors to assess how much investment risk clients are willing to take. |
| Security | The privacy policy says digital records are protected with password protection, firewalls, network security, and restricted and monitored access, while warning that internet transmissions and server data cannot be guaranteed fully secure. | Pocket Risk says data in transit is encrypted at 256-bit and sent over HTTPS, and that it uses AWS infrastructure with daily backups. |
| Support | The site invites prospective customers to contact the company or book a live demonstration webinar and lists the phone number 0455 02 77 22. | The maker says standard email support runs 8 a.m. to 5 p.m. Eastern on weekdays, with urgent calls sometimes handled outside those hours. |
Plans
AstuteWheel
- ENGAGE — AdminFree
- ADVISE — AdminA$25 a month
- ADVISE — ParaplannerA$25 a month
- MANAGE — AdminA$50 a month
- MANAGE — ParaplannerA$50 a month
- IMPROVE — PracticeA$100 a month
- ENGAGE — AdviserA$300 a month
- ADVISE — AdviserA$400 a month
- MANAGE — AdviserA$500 a month
Pocket Risk
- BUSINESSFree
- BUSINESSFree
- PROFESSIONALFree
- PROFESSIONALFree
- SOLOFree
- SOLOFree
In their own words
AstuteWheel
AstuteWheel is web-based financial planning software for client engagement, advice delivery, practice management and business improvement. Its client portal collects personal and financial information, supports messaging and shares documents. Firms get more than 10 online questionnaires and can create their own surveys. Planning tools cover goals, values and advice scoping, while ADVISE includes more than 20 visual modelling calculators and comparisons of cash-flow scenarios. MANAGE provides CRM dashboards, client management and compliance management; its workflows and tasks are in beta. IMPROVE covers workflow design, business and marketing plans, client segmentation, risk management, diagnostics and succession planning. The software does not produce SOA or ROA documents, although calculator visuals can be copied into users’ templates. Xplan/Iress integration is in beta for some IFA users and is rolling out to dealer groups. Plans are billed monthly per user or practice, from 0.00 AUD plus GST to 500.00 AUD plus GST, with subscription requirements on some plans.
Pocket Risk
Pocket Risk is an online investment risk questionnaire for financial advisors assessing how much investment risk clients are willing to take. Its 15 questions cover financial goals, financial situation, risk tolerance and risk capacity. Clients can answer online or on paper; the homepage says online completion takes five minutes. Advisors receive online and PDF reports, with personalized risk profiles presented through visuals and graphs. Scores can be connected to model portfolios, and the maker's model portfolio page says up to 11 portfolios can be added. Advisors can customize branding, add questions and disclosures, and embed the questionnaire on their own website. Pocket Risk says it integrates with Redtail CRM, with more integrations coming soon. It runs on the web, iOS and Android, and lists goal planning, investment planning and a client portal. The maker describes encryption in transit at 256-bit over HTTPS, AWS infrastructure and daily backups, and says it does not sell or distribute client data. A 14-day free trial is available. Plan listings show free while also describing annual billing, so confirm plan terms before relying on those figures.