Intelliflo, a UK-based adviser management software firm, has unveiled plans to launch a simplified robo-advice service for advisors in the second quarter of 2016.
The new offering will be embedded into Intelliflo’s existing Personal Finance Portal for advisors. It will allow advisers to service a broad base of clients, regardless of the size of their assets.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Intelliflo said it is already in the design and build stage with a range of third party providers, with a view to providing access to initially to investment and protection products using investment risk profiling tools and pre-defined investment portfolios.
The service will help the construction of bespoke risk-rated portfolios by advisers for their individual clients.
The service will red flag clients with high value assets or requirements that are not straight-forward, automatically directing them to their adviser to seek more personal advice, the company said in statement.
The company is currently collaborating with six advice firms to launch the service. The company is also offering pre-registration for the service for existing clients.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataIntelliflo executive chairman Nick Eatock said: "Our new service will aim to equip advisers with the tools to offer an automated function for people who want access to protection and investment solutions at low cost while ensuring that those who would benefit from personalised advice are identified and offered assistance.
"It’s a form of robo-advice that keeps the adviser central to the process. We have set up a working group with a number of adviser firms to help design the solution effectively."
