P1 Platform has launched a new feature ‘Report Pilot’ to ease advice firms’ admin burden.
The low-cost adviser platform said typically between 30 minutes and two hours is spent preparing individual annual client reviews. However, its new reporting feature will allow firms to prepare near-instant investment and pension reviews, as well as client and product review reports.
The reports can be generated and downloaded into PDF format for client-ready presentations.
P1 said each report is broken down into simple and easy to understand sections, covering regulatory disclosure requirements and projections over any time period specified by the adviser.
James Priday, chief executive of P1 Platform, said: “We understand how onerous it is for advisers to create detailed yet easy to understand client reports, creating an unnecessary time-sap for financial advisers and wealth managers.
“It doesn’t have to be this way. P1’s Report Pilot feature significantly reduces the time and effort involved in creating client-ready investment and pension reviews. We are committed to freeing advisers from unnecessary admin drag, so they can focus on advising clients, which is where they deliver real client value.”
Priday added: “Report Pilot is the latest development in our continued commitment to affordable innovation and efficiency for financial advisers and wealth managers.”
