Distribution Technology has launched a new risk profiler application, which it has claimed will cut time for advisers and increases productivity by 84 per cent.
According to an independent review by F&TRC, the risk profiler app can reduce the time for a typical client suitability review from five hours to 49 minutes.
Distribution Technology said this was because activities and client risk profiling reports are synced back to Dynamic Planner, eliminating the need for re-keying information. It is available at no additional cost to Dynamic Planner license holders.
At its annual conference yesterday, the firm also launched risk-target managed services which already have the commitment of nine leading multi-asset investment houses with total funds value of £2.4bn.
Additionally, Intelliflo announced that they signed a five year partnership agreement with Distribution Technology to make its risk profiling and financial planning software available to advisers integrated with Intelligent Office.
Ben Goss, Distribution Technology’s chief executive, stated that ensuring the way in which advisers analyse the risk a customer is willing and able to take is consistent with the way in which they analyse the risk an investment represents both at the point of advice and on an ongoing basis.
“The new Risk Profiler app and Risk Target Managed solutions will help advisers and firms achieve asset model integrity and do so while increasing the profitability and sustainability of their business model.”
The new app includes complete offline access for client risk profiling, asset allocation, fund selection, client signature and report generation, and also gives access to both the 10 or 20 question attitude to risk questionnaires.
Finally, advisers get access to the full spectrum of risk profiled funds and managed portfolios, including information about the fund’s objective, asset allocation, fund size and charges and key documents.
Finally, the adviser can select funds and generate a full report which can be viewed on screen, signed by the client and then emailed or securely made available via My Planning for the client’s records.
ruth.gillbe@ft.com
