Count backs technology to reduce RoA time
Count Financial has become the first licensee to introduce DIY Advice technology from Padua Solutions to reduce time spent on producing Records of Advice.
The technology meant RoAs could be produced in 15 minutes, on average, rather than two to six hours.
Count said it hoped the system would bring down the cost of advice and improve affordability for clients as well as make the process more efficient for advisers.
Simon Jeffery-Bilich, head of practice development and research at Count, said: “The new capability from Padua produces an RoA in accordance with our Professional Standards requirements, alleviating the challenge to produce quality advice in a timely fashion. It includes Inline Editor, which allows our advisers to customise the RoA to suit their clients’ individual circumstances as required.”
“There is also ‘fact find’ technology which integrates with our version of Xplan to access client information, enabling advisers to instantly compare a client’s existing platform and underlying investment options against various platforms and investments (including model portfolios and SMAs) on our APL.”
AUTHOR
Laura Dew
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