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Software aims to support advisers’ case for trail commission

1st Software is offering a new version of its personal wealth management software, aimed at helping advisers to justify trail commission.

The latest version of iTrak gives advisers instant access to Financial Express’s portfolio scanner technology, fully integrated with client portfolio data. This allows users to compare individual portfolio performance against the benchmark, top 10 holdings, sector, geography, and asset allocation breakdown along with FT fund ratings for each fund.

Other new features include asset allocation administration allowing a lower-level breakdown of fund asset allocation designed to improve the portfolio modelling for complex funds.

Rowan Forrester operations director Paul Adams says access to portfolio scanner will help the adviser demonstrate unbiased independent research in the eyes of clients.

ITrak is available as a stand-alone product for 125 a month with existing Adviser Office users paying 75.

1st software managing director Mik Cons says: “ITrak helps advisers move to a fee-based advice model based on a strategic asset allocation modelling rather than product sale. Using iTrak’s portfolio monitoring will help advisers justify their entitlement to trail commission.”


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