It wins this award for the third year running showing again the value and benefits of shaping an IFA business around technology in a way no one else seems able to match.
2005 saw the firm launch its own portal and wrap service to take on perceived bigger players and a decision by owners Aegon to develop Pos Sol’s technology across its other distribution arm, Origen, in attempt to spread the technological benefits Pos Sol has reaped.
The firm again showed its technology credentials by linking up with Friends Provident to become the first provider and adviser firms to launch a pipelinetracking service using Origo’s new standards.
The year also saw Aegon buying out the remaining stake in the firm 18 months early, giving the firm a paper value of £163m and 500 Positive Solutions partners around £50,000 each.
The firm continued with its practice of giving each adviser handy tablet PCs and outperformed rivals with a model that managed to produce profitability in an area where most are struggling to make ends meet.
Pos Sol has managed to remain the benchmark for technology in the IFA sector in a year when many other interesting and innovative developments came to the market and is once again an extremely deserving winner in this category.
Winner – Positive Solutions
2nd – M2 Financial Ltd
3rd – Grant Thornton
Sponsored by BM Solutions