A new tool rolled out by the platform P1 claims to enable advisers to create a personalised investment strategy in less than a minute.
The firm's new investment proposal generator allows advisers and investment managers to create documents bespoke to clients, which can be used a pre-advice document or included in suitability reports.
James Priday, CEO of P1 Investment Services, said: “The norm for our industry is for advisers to include portfolio factsheets they’ve downloaded from a provider’s website within reports or compile portfolio information themselves. Our new tool offers a significant step forward.
"The Investment Proposal Generator allows advisers to present a personalised investment strategy generated in less than a minute, making it easier for clients to understand the investment manager and the portfolio being recommended."
The firm said it can also be used to identify an appropriate portfolios for clients by narrowing down the model portfolios available.
Users can filter options for clients, including risk level, objective and ethical or sustainable preferences.
Priday added: "This not only enhances client engagement but also significantly improves adviser efficiency.
"Uniquely, even though the tool is available through the P1 Platform, it is platform agnostic and can be used with any DFM portfolios available on the P1 Platform, as long as the investment manager has provided the information required."
The tool pulls data from discretionary fund managers to generate an investment proposal which shows how a client's investment would be structured.
It includes asset allocation as well as a forecast of potential returns, breakdown of associated charges and details about the DFM and the objective of the portfolio selected, including any ethical and sustainability elements.
tara.o'connor@ft.com
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