{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/5ab6fe42bb6ddf45527e077e/5ac42e250b408c166539cd0c?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"Plan Plus with Shawn Brayman (Founder)| EP6","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/5ab6fe42bb6ddf45527e077e/1569889062747-d5413172e5173049c676af784dea6edc.jpeg?height=200","description":"<p><strong>Summary:</strong></p><p>In this 6th episode of the Fintech Impact podcast, Jason Pereira, award-winning financial planner, university lecturer, writer, and host interviews Shawn Brayman, the CEO of PlanPlus, a prominent Canadian source of financial planning software. Jason and Shawn discuss how PlanPlus has grown, their focus on research, and how to evolve financial planning services ethically for their customers.</p><p>Show Notes:</p><p>●&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;01:23 – PlanPlus is Canadian-based company doing financial planning with a</p><p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;multi-currency, multi-jurisdictional, and multi-lingual global platform—</p><p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;focused on research and best-practices.</p><p>●&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02:48 – PlanPlus spun out from a larger Hewlett Packard ISV back</p><p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;in about 1985.</p><p>●&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05:14 – PlanPlus acquired FinaMetrica from Australia, the home of risk tolerance</p><p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;testing.</p><p>●&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;05:49 – In 2001, PlanPlus went to the cloud early.</p><p>●&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;06:42 – They have planners in 20-30 counties and about 50 that are supported</p><p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;with the software.</p><p>●&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11:34 – The merger with PlanPlus and FinaMetrica currently involved 60-70 of</p><p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PlanPlus’ clients using FinaMetrica.</p><p>●&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21:10 – Fintech is a redefinition of how we can apply technology.</p><p>●&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26:33 – Millennials are used to immediacy. If Amazon can ship purchases in the</p><p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;same day, why does it take so long to pull together data for financial</p><p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;planners?</p><p>●&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30:30 – Amazon is talking about getting into checking accounts.</p><p>●&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32:27 – PlanPlus’ has a research commitment to focus on science and not personal</p><p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;biases.</p><p>●&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38:42 – The Journal of Financial Planning and the Financial Services Review by</p><p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the Academy of Financial Services are the key industry journals.</p><p>●&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40:07 – Canada is in the bottom 10% on planet Earth for what they charge in</p><p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;embedded fees.</p><p>●&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44:15 –&nbsp;In Australia, only 25% of financial planners pass the competency test.</p><p>&nbsp;</p><p>3 Key Points:</p><p>1 PlanPlus acquired FinaMetrica from Australia, the home of risk tolerance</p><p>&nbsp;&nbsp;testing.</p><p>2. Millennials are used to immediacy. Data for financial planners needs to catch up to that faster speed.</p><p>3. The Journal of Financial Planning and the Financial Services Review by the Academy of Financial Services are the top industry journals.</p><p>&nbsp;</p><p>Tweetable Quotes:</p><p>-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;“Basically, PlanPlus was actually a spin-out from a larger Hewlett Packard ISV back</p><p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;in about 1985.“ – Shawn Brayman</p><p>-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;“Customer-wise, we have planners or advisors…running around 20 to 30 different</p><p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;countries.“ – Shawn Brayman</p><p>-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;“Canada is in the bottom 10% on planet Earth for what we charge in embedded&nbsp;</p><p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;fees.” – Shawn Brayman</p><p>Resources Mentioned:</p><p>●&nbsp;<a href=\"https://ca.linkedin.com/in/pereirajm\" target=\"_blank\">LinkedIn</a>&nbsp;– Jason Pereira’s LinkedIn</p><p>●&nbsp;<a href=\"https://www.facebook.com/jason.pereira\" target=\"_blank\">Facebook</a>&nbsp;– Jason Pereira’s Facebook</p><p>●&nbsp;<a href=\"http://www.woodgate.com/\" target=\"_blank\">Woodgate Financial</a>&nbsp;– Website for Woodgate Financial</p><p>●&nbsp;<a href=\"https://ca.linkedin.com/in/shawnbrayman\" target=\"_blank\">LinkedIn</a>&nbsp;– Shawn Brayman’s LinkedIn page</p><p>●&nbsp;<a href=\"https://twitter.com/shawnbrayman?lang=en\" target=\"_blank\">Twitter</a>&nbsp;– Shawn Brayman’s Twitter page</p><p>●&nbsp;<a href=\"http://www.planplus.com/media/Shawn-Brayman-Bio-2016-.pdf\" target=\"_blank\">PlanPlus</a>&nbsp;– Shawn Brayman's Twitter page</p>","author_name":"Jason Pereira"}