Positive Solutions executive chairman David Harrison’s new technology support venture will launch as True Potential LLP.
The company, which was initially called Platform, will offer services for e-applications, quotations and illustrations, including reporting on commission, compliance and customer relationship management.
Senior partner Daniel Harrison says: “We believe this is bringing the first genuinely end-to-end proposition and could negate the need for existing back-office systems.”
The company claims to offer real-time valuations of clients’ assets managed by the adviser, with the ability to include assets held elsewhere, such as the value of a property.
But the service will not include fund transactions, unlike traditional wraps.
David Harrison will spend most of his time as managing partner of True Potential while remaining PosSol chairman. The firm launches to PosSol advisers in July, then Origen and the wider market.
Daniel Harrison says: “This will become an industry commodity. We wanted to retain independence and not be tied to any particular company. We can tailor the system to whether the adviser is whole of market, tied or multi-tied, for a single rate.”