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Your Money Portal claiming to be ‘first true aggregator’

The Money Portal has launched its online service, Your Money Portal, to the Sage network and claims it will be the first true aggregator of platforms in the market.

Advisers will be able to use the tools and services available on Your Money Portal, plugged into by Intelliflo’s Intelligent Office web-based backand front-office system, while connecting to all underlying product providers, wraps and platforms in the market.

Due to its size, The Money Portal says it is in a position to negotiate discounts with the underlying providers, which will initially include all Entelechy partners, among them Lifetime and Cofunds, extending to all product and platform providers at a later date.

Group head of strategy and distribution Alan Easter says: “This is the first truly whole-of-market proposition. We have one platform that is working with all underlying platforms and product providers, not just one for each tax wrapper or product type, to get the best possible deal.”

All three Money Portal intranets have now been brought into a single IT system, meaning advisers only need one user name and password, and Sage’s platform, Sage Financial, is being phased out.

A data transfer is being planned to ensure all advisers have been migrated on to the new system by November 1 but The Money Portal IT director Andrew Firth says the system will work when it is ready, rather than focusing on a specific date.

Your Money Portal is an aggregated tools and service system including compliance, Entelechy updates, IT services, product research, adviser, mortgage and marketing services.

The system will now include MI reports and online commission statements, ensuring that payments in the system by Tuesday evening will be included in the payment run the next day.

Your Money Portal is free to all Bates and Sage advisers as part of their service charges.

Sage members will receive a 42 per cent discount on the Intelligent Office system from £146 to £88 a month with no set-up costs but there will be a data migration charge.

Firth says: “We now have one million clients on a single platform. This is a true aggregator of platforms and services to give advisers access to the widest possible range of underlying options.”


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Stop the cold-calling

Royal London is pleased to support the petition calling for a ban on cold-calling for pension and investment products. The petition, launched by IFA Darren Cooke of Red Circle Financial Planning and hosted on the Parliamentary website, calls on the Government to ban cold-calling for pensions and investment products. A similar ban is already in force […]


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