Quilter Cheviot has launched a new investment proposal tool to help streamline adviser processes.
The tool will create a proposal for a client that outlines the account type and value, the investment objective, time horizon and risk tolerance, as well as the platform on which they will be invested, the pricing structure and expected charges and the strategy factsheet.
It aims to lessen the amount of time it takes to create reports for clients reflecting their recommendations.
Quilter Cheviot said the tool will sit on its MPS Hub. The portal was recently established to provide advisers with the ability to co-brand the latest factsheets for Quilter Cheviot’s platform and managed portfolio service strategies with their firm’s logo, along with the client brochure and detailed quarterly review document outlining the holdings and trades made during that period within the building block funds used by the MPS.
Simon Doherty, head of managed portfolio services at Quilter Cheviot, described the growth of managed portfolios in recent times as “nothing short of phenomenal.”
He said: “With advisers focused on providing financial planning expertise, coupled with meeting regulatory requirements for their business, their desire to outsource has also grown with investments being delegated. As such, we wanted to make advisers lives easier and streamline the process for onboarding a client into a new investment service.
“The investment proposal tool will strip time away from creating documents and suitability reports, ensuring more time is left to properly look after their needs and objectives.”
Doherty said that while advisers may be outsourcing the investment management, they need to remain front and centre with the client who they have forged a strong relationship with.
“Co-branding allows them to do this and give the client confidence that the adviser not only believes in the investment product but will also hold it and us to account and ensure it delivers for the end client,” he added.
Main image: dan-cristian-padure-XC7lc8biINg-unsplash
