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Distribution Technology is set to supply its Dynamic Planner sales and advisory software tool to Compliance First, part of IFA network SimplyBiz.

Dynamic Planner is a graphical and intuitive web-based application with tried and tested modelling and comprehensive portfolio construction and fund selection.

Compliance First said current users of Dynamic Planner have seen time savings of 50 per cent for the advised sales process based on Distribution Technology’s benchmarking research from November 2006, and has since become a cornerstone of advice delivered from many of the top adviser firms.

It specialises in supporting multi-adviser and professional financial planning businesses.

Neil Stevens, managing director and operations director of SimplyBiz, said: "We are always focused on supporting our client firms with the increasingly complex financial planning process. This has led us to seek out new applications of technology that enable efficiency and control for our client firms, who will benefit significantly from this arrangement. This demonstrates our commitment to supporting the directly regulated adviser firm in a changing profession."

Distribution Technology is supporting this agreement through its dedicated IFA website.

Ben Goss, chief executive officer of Distribution Technology, said:"This agreement reinforces the fact that Dynamic Planner was built specifically for, and with, advisers to provide sophisticated financial planning capability and maximise productivity right across the advice process.”

Meanwhile Defaqto will continue to offer Aequos Engage, its product selection and report system, to Compliance First members, in a move extending the current agreement.

The new arrangement will enable Defaqto to extend the usage of Aequos Engage within Compliance First which is based mainly in Scotland, North of England and London.