Dynamic Planner has introduced a service to risk profile single strategy funds.
The software provider said its Single Strategy Mapped Service has been in the works for years and responds to feedback from advisers who use the platform to build advised portfolios.
The tool uses data directly from asset managers, which the company hopes will provide a more accurate risk and suitability assessment for advisers.
It breaks down the asset allocation of funds and how this has changed each quarter.
Abhimanyu Chatterjee, chief investment strategist at Dynamic Planner, said: “No two fund managers think the same and our Single Strategy Mapped Service celebrates that difference - it puts out the wonderful work that fund managers are doing directly to advisers.”
Chatterjee added it means advisers and fund managers are on the same page and makes it easier to pick a fund which best suits a client.
Gary Savory, senior consultant at the company said he has been speaking to advisers about what they would like to see from Dynamic Planner.
He said: “Where this has come from is conversations with advisers who are creating bespoke portfolios and want that comfort and due diligence.
“It is all about having that consistent approach for firms who are building investment propositions.
“[The solution is] having the deep dive analysis and the sleep well at night badge.”
Dynamic Planner assesses the risk of funds and has a range of badges it applies to them.
Users of the software can risk profile their clients before matching them with an investment solution with an appropriate risk badge.
Chris Jones, chief proposition officer at the company, said the latest update will help fund managers comply with consumer duty by clearly communicating whether a fund is intended to be used as part of a portfolio.
Jones added: “The new service will provide them with a level of granularity not previously possible, greater efficiency and accuracy, and all within one system with a consistent level of risk throughout.”
tara.o'connor@ft.com
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