How to help clients sweep up next Isa season

Howard Finnegan

Howard Finnegan

Changes as a result of the Open Banking initiative have allowed technology providers to connect these two worlds, and the results have been remarkable.

By removing paper and the need for wet signatures from the entire end-to-end process, direct investors can transfer their cash Isas held at a bank or building society to their stocks and shares on their favoured D2C platform within three or four days.

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Several of the major adviser platforms are beginning to look at this new development and how they can offer this capability to advisers.

Sadly, it is too late for this Isa season. But keep an eye out for it from next Isa season.

Howard Finnegan is systems sales director at Altus