Wesleyan Financial Services has selected EVPro to support its advisers in managing client’s financial plans.
The financial planning solution covers the complete financial planning journey, from understanding the client’s goals and assessing their risk profile to selecting suitable investments, cash flow modelling, stress testing and reviewing the overall plan.
Wesleyan said its advisers will use three of the five integrated modules within the EV solution in their advice process. This includes EVPro Risk which delivers a client risk profiling solution, including various psychometric, behavioural and knowledge-based questions, and EVPro Invest which provides an analysis of clients’ existing investments, portfolio risk mapping as well as portfolio optimisation and rebalancing.
In addition, advisers will use EVPro Goal to help create and communicate cash flow plans covering all stages of life, including risk suitability, goal capture, likelihood of achieving goals, cash flowing planning and ‘what if’ analysis.
Gregg Schofield, advice policy and governance manager at Wesleyan, said: “We needed an adviser software solution that combined risk suitability and cashflow planning in one tool and were impressed by EVPro’s integrated modules and intuitive user experience. With all calculations powered by EV’s modelling engine and clear displays identifying risks that might affect the long-term suitability of the plan, we can be confident that our recommendations are aligned with the customer’s needs throughout the process, helping us demonstrate the value of our advice.”
Gary Wheeler, chief commercial officer at EV, added: “Having provided technology solutions to Wesleyan Financial Services for many years via our attitude to risk questionnaires and portfolio assessment tool, we’re pleased to extend this support across the whole financial planning journey.
“Designed to cover the complete financial planning journey in one end-to-end solution, EVPro helps adviser firms drive efficiencies and improve transparency and clarity within their advice process to boost client engagement to support informed decisions.”
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