The Money Portal has struck a deal with Intelliflo that will see its 1,200 advisers use the technology company’s Intelligent Office as their front and back-office systems.
The system is already being used by 880 advisers and will be rolled out to TMP’s other advisers in the next few months.
IO will replace TMP’s old technology infrastructure and its 25 million records will be transferred across. TMP’s plans to bring IO into Bates and Sage have been brought forward ahead of schedule.
TMP says it chose IO for its fact-find, research tools, suitability letters, client management, workflow, compliance, risk-based file checking and commission management.
TMP chief operating officer Andrew Firth says: “We need a scaleable, flexible system that can grow with us as we grow our business.
“The fact that Intelligent Office is web-based means that as we move into the wireless world, our advisers will be able to access their system anywhere, anytime, which is excellent news.”
IntelliFlo chief executive officer Nick Eatock says: “We are delighted to add Money Portal to our client list. This is one of the fastest growing groups in the market and we look forward to supporting them as their business expands.”