Intelliflo reveals investment partners for robo-advice service

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Intelliflo has announced the six fund groups it will include in its new robo-advice service, which will launch this month.

The software provider announced last year it was planning to launch a robo-advice service, using the Intelligent Office Personal Finance Portal, initially through six advice firms for investment and protection products.

Architas, Legal and General Investment Management, 7IM, SEI Asset Management, Standard Life Investments and Vanguard will have a range of funds on the system.

Investors will be able to use attitude to risk and investment projection tools to help them select funds. Advisers are able to choose from a range of risk-rated investment products.

The software provider has teamed up with Cofunds to provide integration for trading, execution and payment of Isas and general investment accounts.

Intelliflo says advisers will also be able to implement ‘stop scenarios’ whereby they can halt the investment process for clients.

Costs for the service will depend on the investment funds selected, says Intelliflo.