SimplyBiz currently provides services to over 400 large IFA firms and 1600 smaller practices.
The new enhanced service offers firms four free compliance visits per year and six discounted file checks per month, as well as access to free fund research, specialist support on trusts, Aequos and compliance and technical helpdesks. The fee is fixed at £500 per month.
SimplyBiz chairman Ken Davy says his support firm has seen increasing demand from larger and more complex firms.
Davy says: “This is perhaps in response to the more rigorous regulatory requirements that these type of firms are facing. In recognition of this we have now formalised a separate offering which we believe cannot be matched by any other group.
“We will provide these firms with the high quality services they need such as regular compliance visits, file checks and fund research in the most cost effective way possible. Our brand new package of services is both wide ranging and competitively priced.”
Marketing director Matthew Timmins adds: “Just as SimplyBiz has been successful by continuing to evolve and meet the needs of its members, we have undergone a great deal of research amongst larger firms to understand what they want from a premium service and we are delighted with the high quality offering that SimplyBiz PLUS will deliver.”