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Eight IFA firms to take tech agenda to the providers

A leading group of IFA firms, including Positive Solutions, Towry Law and network Berkeley Berry Birch, are working together to take the IT agenda to technology providers.

The association is forming a group strategy for “adviser-led technology” which it will take to various IT providers. It hopes eventually to challenge Origo&#39s domination.

It is drawing up a prioritised statement of needs for IT systems which it hopes will significantly cut costs for advisers and solve current user problems such as multiple passwords and rekeying.

The group involved in the discussions also includes firms such as Bankhall, Inter-Alliance, Thompsons IFA Group, Solicitors for Independent Financial Advisers and Barclays Financial Planning which includes Woolwich IFA Services and Sedgwick IFA.

At the end of the month, a strategy meeting between the heads of the eight firms will look to formalise a joint proposition for the development of their technological needs.

Woolwich IFA services commercial director Alan Keegan says: “We need to work together to make technology work effectively for advisers so the intermediary can become the dominant influence in IT development and not the product provider.”

Financial Technology Forum director Ian McKenna says: “We want, as a group, to deliver a consensus of opinion on our future business and technology agenda.”


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