The FE Analytics+ Investment Planner is designed to help advisers assess a client’s attitude to risk, discuss and select suitable investment options and summarise the investment advice process in what it promises will be client-friendly reports.
FE said the service will be fully customisable to advisers’ business models and preferred investment solutions.
FE commercial director Matthew Surfleet said: “Establishing suitability, including discussing the risk a customer is willing and able to take and mapping appropriate investment solutions, is critical for all financial advisers.
“However, the processes employed to achieve this are often manual, inefficient and can vary, even within the same firm.”
Adam Herbert, managing director of Herbert & Webster which has been trialing Investment Planner said it offered the solution the firm has been waiting for.
He said: “It allows us to service all clients with all suitable investment solutions within a single software solution.”
FE has set out how the service will work under five headings.
Assessing clients’ attitude to risk
The attitude to risk questionnaire uses psychometric questions to establish the level of risk each client is willing to take.
FE said the questionnaire can be emailed to clients via the tool or completed together in a face to face meeting.
Investment solutions for each risk profile
Using the FE Risk Scores held within FE Analytics, the new FE Risk Score Risk Bandings, can help advisers map any investment solution to the most suitable risk profile.
FE said it is free from any commercial bias, as no provider pays to be rated.
Client friendly reporting
The report centre allows advisers to build a report summarising every part of the process that has led to the recommendation.
Options include ‘possibility of losses’ reports, that review the inherent risk of each risk grade and ‘switch reports’ that compare the existing portfolio to the recommended portfolio.
FE Invest Model Portfolios
The FE Invest model portfolios are automatically mapped to each risk profile and the additional reports are made available in the report centre, so that they can be added to any final recommendation.
Fully customisable
An administrator login allows a designated resource within your company to customise the tool to match the investment proposition.
