Notes to editors
*According to a recent report by Platforum – December 2022, “UK Financial Advisers: Planning Technology and Systems”-.
intelliflo widens access to financial advice through leading technology which powers the financial advisory experience. We use open software architectures combined with unmatched industry experience to simplify a complex digital landscape to help advisors compete and grow. Our solutions support over 30,000 financial advisors worldwide, representing over three million end-investors, with over $1 trillion advised across our platforms.
The eAdviser Index scores are calculated by analysing interactions by intelliflo office users to derive a per-firm analysis of exactly what and how they use the features and capabilities available to them via intelliflo office. intelliflo’s customer success team has built adoption models across six key areas of intelliflo office: activity management, valuations, income, Document Designer, Personal Finance Portal and data quality. These enable the team to identify where a firm is on its specific adoption journey and then how effectively it is realising the benefits. These models give each firm a score out of 100 in each of the five areas: 0 means that adoption has not yet started and 100 indicates the technology is fully adopted and is being used effectively to a very high level. These scores are then combined to produce one overall score.
Explorers1 (score 0 – 274)
Firms in this group are typically achieving reasonable scores regarding income processing functionality and have an automated electronic valuation functionality. They are yet to maximise the capabilities these functions offer and have not fully begun with the further efficiency driving capabilities they have access to.
Adopters2 (score 275 – 399)
This group of firms, in the 25-50% range, has a good adoption of technology and is typically strong in the core areas that an advice business requires to function, e.g., valuations and income processing. However, these firms are yet to fully leverage other efficiency-driving benefits that intelliflo office can provide.
Embracers3 (score 400 – 524)
This group of firms has very strong adoption of technology and is typically very strong in most areas. These firms have achieved an eAdviser score in the 50-75% quartile of total scores. Many of these firms have established a technology vision, have delivered much of it and are well on their way to achieving Champion status.
Champions4 (score 525 – 700)
This is the top group of firms who have achieved an eAdviser score in the top 25% of total scores. To get this they must be using all parts of the system and must be using a number of the areas very well to the extent of achieving maximum points. These firms have set out a technology visio