MyNextAdvice is a focused alternative to AdviserRatings
Why use a generic ratings & review service instead of an all-in-one business improvement solution that’s designed especially for the advice industry? MyNextAdvice is built from the ground up to help you improve growth, efficiency, and compliance.
AdviserRatings – generic rating tool.
MyNextAdvice is designed for you.
Performance improvement focus
All surveys are underpinned by rigorous research and are focused on generating insights to positively impact your growth, efficiency, and compliance.
Feedback quickly converted to valuable insights
Conveniently schedule a survey and send it to your clients in a matter of minutes – quickly transforms collected data into insights that are used to address growth, efficiency, and compliance within your business.
Understand what shape your client relationships are in
Because we measure and analyse key variables to pinpoint the strengths and weaknesses of every client relationship, and calculate their lifetime value, you’ll be able to make more confident decisions.
Connect results to your bottom line
Use a combination of survey and historical financial data to quickly calculate both pre-survey and the projected lifetime value (profitability) of individual clients, segments, and the entire business.
Your reputation is everything
The types of data we can help you collect from your clients ensures you can demonstrate compliance with your obligations such as the FASEA Code of Ethics.
Driven by the monetisation of your data
Yes, you may benefit from an enhanced online presence and gain access to some new leads. But you get what you pay for – you are effectively the product.
No support for performance improvement
Because the client review/rating process is so focused on helping you access new leads, you’re missing out on valuable support to help you continuously improve performance.
Your ratings have very limited utility
Each of your ratings is based on 4 questions that don’t explain your performance in full. There is a high risk the collected data can’t be used to generate actionable insights you need.
Ratings must be credible
Consumers rely on ratings to make decisions, so it’s critical they are authentic. Any evidence suggesting ‘gaming’ to get the right outcome, misrepresents overall performance and impairs credibility.
'Gaming' ratings is a recipe for disaster
With a Single Disciplinary Body set to start mid-2021, advisers who ‘game’ ratings to get access to new leads risk breaching their legal obligations under the FASEA Code of Ethics.
We used MyNextAdvice to find an adviser because we were concerned that our financial situation wasn’t where it should be, and we’re getting closer to retirement. The process with you was easy. We didn’t have to spend time ringing around to find someone – once we were matched to someone they rang us! We would recommend using your site to anyone who wants a valuable experience.
We have used MyNextAdvice over the last 12 months to gain valuable feedback from our clients regarding our services. The process of surveying our clients is very simple and effective and we’ve been pleasantly surprised by the number of clients who have completed the survey. Viewing and analysing the responses is very easy due to the automatic data capture and reporting mechanisms within MyNextAdvice.
MyNextAdvice is very user friendly for both advisers and clients. The survey questions are wonderfully direct & simple, however, provide valuable insights to help identify where we are performing well and what areas we need to work on. MyNextAdvice is a great service we will continue to use in our practice.
Deep dive: MyNextAdvice vs AdviserRatings
No more playing around. MyNextAdvice provides you with an industry-specific, fully compliant, business improvement solution that goes well beyond just collecting feedback. If you’re a busy advice business looking for help to grow, become more efficient, and demonstrate compliance with key client-facing obligations, you need to check out MyNextAdvice.