New Dynamic Planner review service provides support re MiFID II

12 June 2019

Dynamic Planner has launched a new client review service to support adviser firms in meeting MiFID II requirements.

Dynamic Planner Elements, designed in close partnership with advice firms, will deliver better informed client review meetings and significantly reduce the time spent on annual client reviews, the firm said.

The new service has been in development for the past 18 months,with over 100 advisers using Elements since January when Dynamic Planner launched the Early Adopter Programme at its annual conference. It is part of the firm’s multi-million pound initiative to provide significant upgrades over the next two years.

Ben Goss, CEO, Dynamic Planner, said: “MiFID II poses a significant challenge and opportunity for the industry, arguably greater than RDR ever did because it requires firms to change the ongoing service they provide to their clients. As the FCA places increasing emphasis on transparency and disclosure of charges, and encourages firms to demonstrate value for money, Dynamic Planner Elements helps them to do this in a single end to end process.

“Elements is a key part of our strategy to scale our position as firm’s number one service for ensuring investment suitability.”

Dynamic Planner said feedback showed 96% of advisers said Elements made their firm look more professional, while 80% said they would be integrating Dynamic Planner’s new client review into their processes.

Lee Whiteside, Plan4Life, said of the new service: “Quite often, companies will tick along and take your money each month, but there’s no new developments as such. With Dynamic Planner, it’s nice to see a company taking an active part in trying to help advisers.”

Martin Allsop, Marshwood Financial Services, added: “We are using the new client review to produce much more user-friendly data for annual reviews. We are able to use the software in an interactive way with clients, making the process much more engaging.”

Elements will be available at no extra cost for all current users of the full service.

Professional Paraplanner