Fundsnetwork has updated its platform proposition, with a new service for advisory firms to quote and deal on clients’ accounts.
A statement from the firm suggested this would make it easier and more efficient to perform frequent activities online such as opening and topping up an account, switching and rebalancing portfolios, managing regular savings plans and fees.
The new client management service has been developed following research and user testing involving advisers, paraplanners and administrators.
Fundsnetwork has also enhanced the online functionality of its discretionary fund management capabilities, allowing DFMs to centrally create, manage and rebalance model portfolios across all advisers that use their services.
Jon Everill, head of advisory services, commented that it will continue to invest heavily in building out digital capabilities for advisers and their clients.
“These latest enhancements form part of a much wider set of technology driven initiatives that we plan to deliver over the coming months and years. This signals our clear intention to support the evolving needs of the intermediary market place over the long term.”
In February, Fidelity’s platform launched a ‘support zone’ on its website to help advisers explain to clients the benefits of using the full yearly allowance.
Earlier this year it also introduced the first phase of the client management service, streamlining the way advisory firms were able to view their clients’ accounts online.
peter.walker@ft.com
