CompaniesOct 10 2012

Intrinsic reveals multi-platform panel

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From November this year, adviser network Intrinsic Financial Services will offer its members access to a range of selected platforms including Aegon Retirement Choices, Cofunds, Intrinsic’s own IFDL-backed platform and Sanlam’s adviser portal.

This multi-platform offering was launched to Intrinsic’s 900 financial planners at a recent series of financial planning events around the UK. It will be kept under review as the market evolves with the Retail Distribution Review, the firm said.

In a statement, the company said it decided to go with a multi-panel approach out of the belief that no single platform can adequately meet the needs of all advisers and their clients.

Andy Thompson, distribution director at Intrinsic, said: “At Intrinsic, we’ve recognised the importance of offering a panel of platform providers that enables our financial planners to meet the varied needs of their clients.

“In selecting these platforms, in addition to the costs and discounts, we have identified those providers most able to deliver a stable and consistent long term proposition.

“Intrinsic has used its buying power and expertise to negotiate the best possible platform terms. By passing the full discount on to the end client, we believe that more individuals will be able to afford and enjoy the benefits of platform and an ongoing service relationship with their adviser.”