Intelliflo Announces Six Fund Groups for its New Automated Advice Service

By Jo Gilbey
Find me on: LinkedIn Jun 8, 2016 1:56:22 PM

Leading adviser management software provider Intelliflo has announced details of the investment providers who will feature in its Automated Advice Service when it launches this summer to clients of advisers using the Intelligent Office (iO) Personal Finance Portal (PFP).

Six fund providers have been signed up: 7IM, Architas, Legal & General Investment Management, SEI Asset Management, Standard Life Investments and Vanguard. They will all feature a range of funds on the new system, which aims to equip advisers with the tools to compete with banks and large financial corporations in offering clients self-select investment options.

Nick Eatock, Intelliflo’s Executive Chairman comments: The fund management partners we have lined up for the launch of our Automated Advice Service will offer clients of iO users a broad spectrum of options to meet their specific needs. The launch of this new service is a major step forward and opens up access to the much-discussed robo-advice market in a way that puts advisers at the centre of the process.

A configurable advice process incorporating attitude to risk and investment projection tools will be available to advisers using Intelligent Office, allowing clients selected by the advisers to experience a fully online and automated process.

Advisers can choose from the suite of risk-rated default investment solutions as rated by Square Mile Investment Consulting and Research Limited. Cofunds, the UK’s largest investment platform, has been selected to extend the existing deep integration with iO for trading, execution and payment of ISAs and a General Investment Account.

The easy-to-use risk profiling tools have been developed in partnership with Oxford Risk, who are leading experts in the field of risk and analysis, dedicated to the practical application of knowledge in risk and risk behaviour.

Investments made by clients will be available for advisers to view, so they can monitor activity. All investments and selections made have a complete and comprehensive audit trail with the ability for the adviser to configure in 'stop scenarios' whereby a client cannot continue. This will allow advisers to intervene and facilitate specific advice to ensure clients are making wise decisions based on their financial situations.

The cost of the service to end clients will be determined by the fund charges within each investment solution, the Cofunds’ platform charge and the adviser’s own charge, which will be flexible to them. Charges will be transparent so clients will be able to make an informed choice before using the service.

The new service will launch in June 2016 and will reflect input from a number of advice firms whose clients are signed up to use the PFP and will have early access to the investment tools.



Financial adviser technology/ Financial adviser software