The capability will be embedded in its existing Personal Finance Portal, and will ‘red flag’ clients with high value assets or requirements that are not straight-forward, automatically directing them to their adviser to seek more personal advice.
Intelliflo is already in design and build with a range of third party providers with a view to providing access to configurable trading capability initially for investment and protection products, utilising investment risk profiling and several pre-defined investment portfolios. It will also facilitate the construction of bespoke risk-rated portfolios by advisers for their own clients specifically.
Intelliflo will launch the new capability in Q2 2016 and is working initially with six advice firms who wish to launch the service. Pre-registration for the service is available now for existing clients. This will provide insights into what’s being developed and enable advisers to help influence it, as well as putting them in prime position for the first wave of releases.
Nick Eatock, Intelliflo’s Executive Chairman, commented:
“The Government has already set out its commitment to opening up advice for consumers with low value assets. Our new service will aim to equip advisers with the tools to offer an automated function for people who want access to protection and investment solutions at low cost while ensuring that those who would benefit from personalised advice are identified and offered assistance. It’s a form of robo-advice that keeps the adviser central to the process. We have set up a working group with a number of adviser firms to help design the solution effectively.”
