Capita Enabler has launched its platform proposition, with Bankhall the first firm to white-label the offering.
Chief executive Peter Mann said advisers using the platform, called Portavista, could increase their average commission by 0.4 per cent.
Bankhall unveiled the platform at its annual conference in Cannes last week.
Mann said Bankhall will offset an additional amount of commission against fees, which will reduce the amount that advisers pay for services.
Clients will pay 5 per cent initial and a 1.75 per cent annual management fee based on assets held on the platform.
Mann insisted that the platform is not a wrap. It will be linked to fund supermarket Fundsdirect, with access to 1,200 funds from 56 fund groups. A Sipp and personal pension will be provided by Aegon Scottish Equitable.
A discretionary fund management offering is also available. This is set to be provided by Goldman Sachs but neither Bankhall nor Capita would confirm this.
Mann said advisers can use the platform to switch their businesses from a commission-based model to a model reliant on recurring income streams.
It will initially be available to advisers using Quay and Bankhall Online back-office systems, with other software providers expected to be signed up shortly.
Mann said: “We chose the name Portavista because it aligns with our view that the platform will be a gateway for financial visionaries. We have between £8bn-£10bn held on our advisers’ four most popular platforms. We do not exp-ect those with thousands of pounds on a platform already to move it across. Our focus is on new business coming in.”
Sunday Group managing director Dermod Atkinson says: “The commission mentioned does sound competitively priced. If we find out they will link into other back-office systems – we use Intelliflo – it certainly sounds interesting.”