Information and technology business Defaqto has launched a new client-facing dashboard as it continues to upgrade its financial planning software.
The new tool, which advisers can access through the Defaqto Engage Client Summary Hub, allows advisers to view all their clients’ investment objectives, their current value as well as any products they’re invested in and the value of any additional contributions made.
Advisers can also assess fund performance, asset allocation and the risk level of a client’s portfolio against their objectives and where relevant, the amount of protection cover the client has in place.
Clients can view the dashboard online during their review or receive a downloaded report ahead of a meeting or review, Defaqto said.
Zahid Bilgrami, CEO, Defaqto, said: “For advisers, communication with their clients has always been a priority but with the effects of Covid-19 continuing to be felt it’s even more crucial. This update is another easy to use client-facing tool that advisers have at their disposal to easily show a client a summary of their assets without the jargon.
“We believe that technology should fit the way advisers work, enhancing, not replacing the current advice process. Defaqto Engage is constantly evolving to fit the needs of advisers and their clients.”
