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True Potential gives clients bank account view

True Potential has added new functionality to its Wealth Platform that enables clients to view their bank accounts, savings accounts and credit card information.

The technology, which has been developed through American provider Yodlee, allows clients to view the information through the client-facing TP portal alongside their investments on the platform.

Clients can choose whether or not to give their adviser access to their banking and credit card details through the platform.

True Potential senior partner Daniel Harrison (pictured) says: “Any client with a Wealth Platform account can now access an aggregated view of their bank accounts, savings and credit cards. This gives more power to the portal, as it now combines an aggregated portfolio view with all of the clients’ personal finance details.”

The Lang Cat principal Mark Polson says: “As far as I am aware, TP is the first to offer this level of integration in the UK and it deserves considerable credit for that. I think the next step is to have transactional bank account capability available to the client through the platform.”

TP says it currently has no plans to offer this functionality, as banks are reluctant to allow transactional capability through external platforms.


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There are 3 comments at the moment, we would love to hear your opinion too.

  1. Slight correction required here. Sammedia, through their white-label Moneyinfo service, has been offering this level of banking aggregation along with cross platform valuations and contract enquiry since May 2010. In fact a client of ours recently commented we appear to have inspired some of their interface designs.

  2. as do all my plans, love money, and money dashboard among others

  3. A London based wrap looked at transactional bank accounts years ago. Banks were in fact keen. Then it got messy and legally complex. Then it was dumped. Someone must be planning a current account and debit card for wrap by now?

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