Quilter Cheviot has launched an investment proposal tool to help advisers promote and implement its on-platform model portfolio service (MPS) investment proposition to clients.
The tool will use a minimal number of adviser-provided details to create a proposal for a client.
The proposal will include details including the account type and value, the investment objective, time horizon and risk tolerance, the investment platform, the pricing structure and expected charges and the strategy factsheet.
The investment proposal tool aims to reduce the time it takes to create reports for clients reflecting their recommendations.
It will sit on Quilter Cheviot’s MPS Hub – a portal recently established to provide advisers with the ability to co-brand the latest factsheets for the firm’s platform-managed portfolio service strategies with their firm’s logo.
The investment proposal tool will also feature the adviser firm’s branding to enhance their visibility within the investment process.
Quilter Cheviot head of managed portfolio services Simon Doherty said the growth of managed portfolios in recent times has been “nothing short of phenomenal”.
“With advisers focused on providing financial planning expertise, coupled with meeting regulatory requirements for their business, their desire to outsource has also grown with investments being delegated,” he added.
“As such, we wanted to make advisers’ lives easier and streamline the process for onboarding a client into a new investment service.
“The investment proposal tool will strip time away from creating documents and suitability reports, ensuring more time is left to properly look after their needs and objectives.
“Furthermore, while advisers may be outsourcing the investment management to us, we want to ensure that they remain front and centre with the client, who they have forged a strong relationship with built on trust.
“Co-branding allows them to do this and give the client confidence that the adviser not only believes in the investment product, but will also hold it, and us, to account to ensure it delivers for the end client.”
Last month, Quilter Cheviot hired Colin Rowe as its new head of advice.
The business recently received Financial Conduct Authority approval to extend its regulatory permissions to include financial advice.
This change will allow Quilter Cheviot and Quilter Cheviot Financial Planning to operate as a single regulated entity early next year.
This, it said, will simplify the experience for integrated clients.
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