Bankhall has appointed Distribution Technology (DT) as its preferred investment technology partner to help support the advice process for firms and their customers.
This will be the first time that DT has worked with such a provider to construct an independently researched and approved panel of funds, based on quantitative and qualitative analysis. The exclusive panel will be available for Bankhall client firms and their customers to use as part of an end-to-end investment advice process.
In addition, Bankhall’s clients will also be able to access a range of risk profiling, financial planning and wealth management services through DT’s Dynamic Planner solution. This will help financial advisers achieve their customers’ goals and ambitions by ensuring suitability of their investments through accurate and robust risk profiling, research and engaging risk-based financial planning they can trust.
The new service will be rolled out to firms later this year.
“There is increasing pressure on firms to operate and evidence a robust investment advice process within a strong systems and controls framework,” said Stephen Gazard, managing director at Bankhall.
“We are seeking to make life easier for advisers by working closely with DT to construct a smooth investment advice process and exclusive independent panel of funds for firms to use with their customers.
“DT was chosen after a detailed review of the market and we are confident that their strong team and technology-based solution, underpinned by Bankhall’s compliance expertise, will be a powerful package. It will enable firms to manage their risks better by clearly evidencing strong controls to both the regulator and professional indemnity insurers, which firms are increasingly looking for.”
Ben Goss, CEO of Distribution Technology, said: “It is a great endorsement to have been selected by Bankhall as their long term research, risk profiling and investment process partner. Bankhall members will be able to access award winning, tried and tested, risk profiling and financial planning tools through Dynamic Planner which will help improve efficiencies and ensure suitability.”