The enhanced service is offering financial advisers four free compliance visits a year and six discounted file checks a month, together with access to free fund research, specialist support on trusts, Aequos and compliance, and technical helpdesks. The fee is fixed at £500 a month. SimplyBiz provides services to over 400 big IFA firms and 1,600 smaller practices.
Chairman Ken Davy says the firm has recently seen increasing demand from bigger and more complex firms. He says: “This is perhaps in response to the more rigorous regulatory requirements 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.”