I am writing to share our experience of the Australian Money Market (AMM) term deposit platform. On the whole, we have been particularly impressed with the product, the services provided and the overall 'hassle-free' experience. In uncertain financial times, the demand for capital security and term deposits has been strong from many of our clients. The ability to choose from many different banking institutions ensures that rates are competitive in the market place. Aside from this, the processes employed by AMM (email maturity reminders for example) are particularly impressive and efficient.
Thanks particularly should go to Jasmine Inglis, who has been exceptionally helpful & approachable in our dealings with AMM. It is unfortunate that there aren't more people like Jasmine working in the financial services industry; we'd love to have someone like her in every company that we deal with. Overall, AMM provides us and our clients with a comprehensive and efficient platform to facilitate their cash investments. We would have no hesitation in recommending AMM to any financial adviser.
We have found Australian Money Money a most useful and innovative addition to the services we are able to offer our clients. Besides being able to help manage our clients' term deposits in an efficient and timely manner, we are able to increase our contact points with clients in a helpful and easy way which has led to very positive feedback.
The value I see, as a financial planner, in utilising www.moneymarket.com.au for our clients is as follows. www.moneymarket.com.au provides:
Australian Money Market has many of the best term deposit rates in the market all in the one place which suits us well. As we are not restricted with mandatory term deposit providers we can select the best rates for our clients without spending time searching all the different providers. AMM also have all the disclosure documents that we require to send to clients to ensure that once recommended we can easily locate and send out. Since beginning using the website, we have seen quite a few changes, some which we, ourselves, had suggested or requested and shows how approachable the AMM team are to outside ideas. The new reporting function will come in very handy for our SMSF clients for their compliance requirements.
"We have been a user of Australian Money Market for over two years and it now forms an integral part of our operations. AMM gives us a wide range of short, medium and long dated term deposits all available via a single portal, i.e. a kind of wrap account for term deposits. This enables us to proactively manage client's cash positions in an efficient manner, resulting in a greater overall return on cash holdings. This has been particularly important during recent times as our clients have held larger cash positions than usual and AMM has allowed us to access higher rates of return with minimal cost to the clients or the business. I estimate that we have been able to add approximately 2% p.a. to client cash returns since using this service."
I have used it for a number of clients and they really like its ease of operation, diversity of financial institutions and the good rates on offer. They really like how easy it is to switch when deposits mature. As an adviser it allows me to offer my client a wide choice of good rates plus it's very easy to use. Importantly I appreciate the excellent personalised service (they actually phone me if needed) I receive from the AMM staff.