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Platforum turns to Capita to boost analysis service

The Platforum is teaming up with Capita Financial Software to relaunch its platform analysis tool.

The new service, Platform Comparator, will now include a pricing and quantitative tool, developed by Capita.

The Platforum managing director Holly Mackay says: “Our platform analysis tool, provides some basic data and information but IFAs were always telling us the missing piece was a comprehensive tool which analysed the respective costs and charges of the platforms, wrappers and funds as well as the more qualitative aspects.

“Capita have the actuarial, research and technological res – ources which we lacked to add – ress this important quantitative part of the analysis proc ess, so it made sense to join forces.”

The tool is being piloted with a focus group made up of platforms, IFAs, nationals and networks. A launch is planned for the middle of the year.

Capita FS business development director William Watling says: “With the plethora of platforms, wrappers, funds, adviser negotiated special deals and distributor influenced funds, it was becoming extremely difficult to see the wood for the trees. We believe the new tool will help advisers see where value lies for their clients and evolve to support the market as it develops.”

Threesixty partner Phil Young says: “Capita have an excellent platform price comparison tool, probably the best I have seen, and Platforum have the softer data – a perfect combination for a starting point for wrap selection.

“But it still needs the IFA to get their hands dirty and confront platforms face to face before making a decision.”


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