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Tom decided that he wanted to take over more control of his investments, and that decision has been one of the best financial moves he's made. Except...

He's found that he's paying commissions even when he doesn't receive service, and it takes a year to recoup any commissions for things like:

Managed Investment funds

Cash Management Funds

Superannuation or Pension funds

Margin loans

Tom took over his investment decisions because he wanted control and to lower fees and will pay a fee for when he needs a service, but it seems that he's still paying more than he should and not getting any service on his investments in the way he expects.

But Tom just found MyMoney, and finally he feels like he's got his financial ducks in a row.

MyMoney doesn't provide ongoing financial advice, service and recommendations like a financial planner. They're simply a financial intermediary that allows Tom to recover his trail and renewal commissions much quicker, ensuring that any future contributions he makes to his investments are working for him.

Here's how it works:

Tom nominates MyMoney as his intermediary on his existing investments. MyMoney collects the commissions on Tom's products and refunds them directly to his bank account on a monthly basis. Tom gets 24/7 access to monitoring his accounts, retains complete control over them, and receives a monthly statement showing all commission transactions on his investments.

MyMoney has a low monthly fee, so Tom knows he's getting the most for his money.

Stop spending more than you should on your financial investments and take a cue from Tom. MyMoney keeps you in control while maximizing your returns and paying you back on a monthly basis instead of yearly.

MyMoney Compared On ABC iView
MyMoney service compared on ABC View at iView
MyMoney Launches iBOP To Assist Business with Business Operational Planning and Pitch Tools

My Money Australia (“MyMoney”), a financial technology and solutions company, today announced the launch of iBOP® – Integrated Business Operations Planning tool to assist startups through to existing business. The idea was founded by a Secondary School student in Sydney when looking for a simple solution to start up and manage new business ideas. Large numbers of standalone documents and templates exist in various formats, however, a simple online solution with simple easy to use features was difficult to find. With funding support from Global Mutual Funds and mentoring support regarding startups and SME’s requirements from Local Knowledge a CPA Public Practice, MyMoney was able to organise the idea and develop a more efficient way of business planning, operations and analysis.

The tool business support tool operates within a cloud based environment, enabling access via multiple access platforms where the business can access and own the information but provide access to their advisers including accountants, consultants, bankers, lawyers, staff, investors and many other potential users. The ability to manage the user plus manage the individual access to various functionality provides flexibility and transparency of the process. Having the ability of users to work on the information of the business within a central location reduces the need to continually email documents about the business and try to successfully merge contributor comments and feedback. Providing a generic solution customisable to specific companies and industry enables the flexibility for competitive solutions for business and advisers.

iBOP® provides access to online scheduling of tasks, standardised pitch templates, business and operational planning, customisable analytical scorecard for rating purposes, presentation tools, business forms, financial forecasting and rules based engine. The approach was to address the key functionality many of the functions required to start up a business and operate. The business tools are integrated providing ongoing access from a PC to a tablet. Access to the functionality can be either direct with entity or alternatively advisers may offer the services as part of a complete or partial package of services complimenting existing relationships. An example maybe a public accountant wishing to compliment business advisory services with accounting and taxation.

MyMoney’s goal is to develop financial technology solutions alongside young entrepreneurial and innovative individuals that are looking to create the future opportunities. Encouragement of ideas, enthusiasm for innovation, improving efficiency and the ability to accept input as new ideas are introduced as they strive to innovate and invent for both the short and long term.

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