Adviser technology specialist Selectapension has launched a new tool to help advisers review clients’ investment portfolios.
The firm’s ‘asset reviewer’ tool, which launched today, allows advisers to review a range of products – including bonds, Isas, Oeics, unit trusts and savings plans – and compare them against an “ideal target allocation” based on the client’s attitude to risk.
The tool then produces a report providing a target asset allocation, products summary and product details.
Selectapension national accounts director Peter Bradshaw says the asset reviewer will cost advisers around £500 a year. He says the firm is in negotiations with large adviser networks and banks about using the tool.
Bradshaw says: “The FCA expects advisers to regularly review the performance of clients’ investments, which can take up to two days.
“The asset reviewer allows advisers to clearly demonstrate the research and analysis behind a recommendation and a report can be produced in 30 minutes.”