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Lang cat launches online advised platform due diligence tool

12 February 2020

The Lang Cat has launched a platform due diligence service aimed at simplifying the way advisers compare and analyse advised platforms.

The new service, Platform Analyser, will combine the Lang Cat’s data (11,500 data points) across a range of 25 advised platforms. The online tool enables quick comparisons as well as full due diligence reports. It also enables users to template their preferences and re-run exercises for different segments or over time.

The subscription service will also provide users with regular insight and quarterly briefings, including key figures on business performance as well as details on deals, mergers and acquisitions, and regulatory changes, the consultancy firm said.

The service will cost £25 per month or £300 per year, with the option to cancel at any time.

Terry Huddart, head of Proposition at the lang cat, comments: “We spend a lot of time speaking to advice professionals and they told us they’d like a service to help make choosing the right platform partners for their clients and their business easier. Over the last eighteen months we’ve been working closely with advisers and planners to build an online tool that combines our unrivalled insight into the advised platform market with interactive due diligence functionality. Platform Analyser allows advisers to interrogate our data and create everything from quick features comparisons to all singing, all dancing due diligence reports, documenting the whole process automatically to demonstrate compliance with PROD rules.

“Initial feedback from our adviser testing panel has been incredibly positive about how much time and effort the service can save in terms of platform due diligence. And this is only the beginning. We’re committed to constant development, with plans to add more data and functionality and improve to the user experience over time in response to adviser needs.”

Professional Paraplanner