Selectapension is developing an online tool that will allow advisers to review and rebalance clients’ investments based on their attitude to risk.
National accounts director Peter Bradshaw says the tool, due to launch in October, can be used by IFAs to and ensure clients are in appropriate asset classes.
He says: “If an IFA has a client with lots of different funds in lots of different policies, it is often the case the asset allocation does not match the client’s attitude to risk. This tool will provide a more scientific way of reviewing client investments to make sure they are invested appropriately. If the client is not invested appropriately, then the tool provides a means to search the market for funds that better match and then rebalance their portfolio.”