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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.”


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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.

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