Bringing you live news and features since 2006 

Intelliflo has announced six fund groups for new automated advice service

RELATED TOPICS​

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, says: “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.   

Latest News

ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..
Investors urgently need greater access to diversified investment strategies aligned with the Paris Agreement on climate change if the world..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by