View more on these topics

True Potential offers legacy pension transfer aid

True Potential is offering a transfer toolkit which aims to help advisers transfer legacy pension and investment assets into more suitable products that match clients’ updated risk profiles.

The toolkit allows advisers to view legacy assets in pie chart or tabular format and analyse suitability based on clients’ attitudes to risk. It also enables advisers to transfer assets to the most appropriate products on the TP Wealth Platform.

True Potential has also launched a management information suite for its platform, where advisers can download reference material, view client reports and create and administer investment strategies.

Senior partner Daniel Harrison says: “Being both the provider of the back-office system and the platform provider means the level of client data that advisers can use, interrogate, analyse and derive meaningful information from is without peer in the industry.”

CWC Resarch senior partner Clive Waller says: “Attitude to risk and legacy products are areas the FSA is currently concerned about. Any tool which allows advisers to see where their clients are and where they want to be has got to be a good thing.”


News and expert analysis straight to your inbox

Sign up


There are 4 comments at the moment, we would love to hear your opinion too.

  1. Peter Maxwell-Lyte 25th August 2011 at 9:20 am

    Well Done Mr Harrison!

    I’m looking forward to getting to grips with these enhancements!

  2. Or you could just use your common sense, your calculator and Excel.

  3. Don’t be daft Steven – how would that solution make any money for the True Potential Wealth Platform?

  4. Call me a cynic but having been with TP for nearly two years now I have seen a huge change in how they do business. We bought what seemed like a web based back office suite (better than Plum, our ex software). All they seem to do now is push their Platform at me. I do not want to be turned into a sales person for TP Platform and I want to make my own independent choice of Wrap/Platform provider thanks very much.

    It seems to me that most of these ‘tools’ are a sales angle to gain more AUM for TP platform. What also prompted this post were the relentless phone calls we have from Ireland trying to recruit us (after they said they have stopped recruiting).

    Our mortgage business is run separately and we do not want to pay 4% for something that is managed by Simply Biz and capped. What initially seemed to be a good idea is now turning into a desperate and tacky rush for new firms in order to sell a platform.

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm