Dynamic Planner to launch psychometric sustainability questionnaire

10 March 2021

Dynamic Planner has plans to launch a psychometric sustainability questionnaire aimed at better reflecting client’s ESG/sustainability preferences in their portfolio.

Announcing the plans at Dynamic Planner’s annual conference (this year held virtually), chief executive Ben Goss, said: “In terms of client engagement, an increasingly important aspect of financial planning is reflecting your client’s sustainability preferences in their portfolio.

“Advisers face two challenges: how to have a really good conversation with clients who are unlikely to be experts in this field, and how to objectively assess the different manager approaches and solutions?

“We’ve worked with our partners MSCI to provide whole of market objective ESG analysis on UK funds, and in the coming weeks we will also be launching a psychometric sustainability questionnaire that gets to the root of how people feel about sustainability when investing.”

Goss said the ongoing pandemic inevitably had changed the way financial planners were working, which had been reflected in their use of technology. “You, the advice industry, rapidly transformed working practices to be there for your clients with reassurance and support.  As an example, last year in Dynamic Planner we saw four years’ of growth in clients completing risk profiling questionnaires remotely, and a number of advice firms have reported the ability to support up to three times as many clients per adviser by using facilities such as video calls and screen sharing.”

Goss predicted that “the need and opportunity to engage with clients around their financial planning” would increase post the pandemic. He added: “We strongly believe that those, whether adviser or client, who more fully embrace technology will better weather the challenges to come.

“We now live in a hybrid world – where advisers and clients increasingly undertake their planning together on the same system, at the same time. Our vision is all about empowering firms to meet client expectations in this new hybrid world, and deliver truly engaging financial planning through a model where advisers have all the benefits of remote when you need them, but will also have everything you need for face to face client meetings too.

Dynamic Planner has plans to double its investment over the next four years, Goss told delegates. “Technology has been at the heart of keeping the financial world functioning these last 12 months, and as the country plots its way out of lockdown, we expect to be at the centre of that ongoing transformation.

“At the heart of Dynamic Planner’s vision of One System for all financial planning needs – where we have delivered significant enhancements to client risk profiling, portfolio review, cashflow planning and research and recommendations – is the concept of having an ‘always on’ plan, enabling advisers and clients to properly engage with their financial plan and deliver interactions and client experiences that really demonstrate the value of the ongoing advice relationship.”

Professional Paraplanner