Quilter Cheviot has launched an investment proposal tool to support advisers using its platform MPS investment proposition.
The tool will create a proposal for a client based on a minimal number of details that outlines the account type and value, the investment objective, time horizon, risk tolerance, the investment platform, expected charges and the strategy.
The aim is to cut the amount of time it takes to create reports for clients which reflect their recommendations.
The new tool will sit on Quilter Cheviot’s MPS Hub, a portal recently established to provide advisers with the ability to co-brand factsheets for Quilter Cheviot’s platform MPS strategies with their firm’s logo.
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Simon Doherty, head of managed portfolio services at Quilter Cheviot, said: “The growth of managed portfolios in recent times has been nothing short of phenomenal.
“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.
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“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.”
