T Bailey claims to be it is the first multi-manager to use RSS technology to provide IFAs with instant access to fund factsheets.
The service uses widely available Really Simple Syndication software to notify IFAs when a new factsheet is issued. It believes other fund groups should use RSS to improve their services to clients. IFAs who want to use the RSS service will need newsreader software which is freely available. Advisers subscribe to newsfeeds through the newsreader. Further details on accessing a news reader can be found on T Bailey’s website. Once the IFA has set up a news reader and subscribed to newsfeeds, they will have access to factsheets as they are uploaded on the firm’s website. T Bailey believes this will save IFAs time and allow them to keep up to date with fund performance without having to search for the information. Analyst Elliot Farley says: “We do not know of anybody else in the fund industry that is doing it. “It is one of those things that are useful to the end-user as it provides a very efficient way of accessing information. It is like a ticker – a headline comes up and clicking on that takes you straight to the factsheet.”View more on these topicsNews
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