Skandia International added that it will have invested over GBP21 million in order to re-engineer the way it works with financial advisers and customers.
Wealth Interactive would enable Skandia International to change the way it works with financial advisers and customers by allowing it to quickly respond to investor needs across multiple territories.
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The new wealth management service, which was built in response to a number of converging factors from around the world, will be used to support Skandia International’s offshore portfolio bond products.
In particular, Skandia International will power its offshore proposition into the UK by facilitating solutions that are compliant with the new Retail Distribution Review requirements that come into effect on 1st January 2013.
Apart from tailoring new products to the needs of advisers and customers, the new service is also expected to power the existing Skandia International offshore portfolio bond products in due course.
For the financial advisor, Wealth Interactive will enable them to have a customizable dashboard of all of their Skandia International’s portfolio bond business together with new risk profiling and portfolio building services, claims the company.
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By GlobalDataThe company plans to launch Wealth Interactive in a phased manner on a region by region basis starting in second quarter of 2012.
