FinaMetrica’s psychometric risk profiling methodology has now been fully integrated with the Voyant Adviser financial planning platform, providing advisers and wealth management groups with immediate access to a well tested, sophisticated and scalable enterprise solution.
The joint venture will enable advisers and advisory businesses to rapidly bring to market a well differentiated value proposition.
The new integrated platform is designed to ensure both IFAs and larger advisory groups can meet all the new ‘Suitability’ and RDR regulatory requirements. Advisers will be able to engage clients in a rich discussion taking account of their risk tolerances, capacity for loss, and other key objectives in a quick, accurate and highly visual manner.
Paul Resnik, CEO of FinaMetrica, explains:
“FinaMetrica is a single focus business with a detailed understanding of the role of risk tolerance in the investment advising process. Voyant is a terrific partner. They deliver a powerful client-focused financial planning solution which is already the favourite of many UK IFAs and wealth management groups.
"Rather than the common ‘lip service’ integration which many technology companies profess to, this integration is comprehensive and has been brought together by the best minds in the business.”
Bob Freeman, vice president of Voyant UK explains:
“We are delighted to announce this new collaboration with FinaMetrica and jointly bring our best of breed solutions to the UK market. Advisers facing growing regulatory, RDR and TCF requirements, will now have the ability to give their clients the ultimate in independent risk profiling and highly personalised financial plans”
“The joint solution has application both to advisers currently providing and those moving to offer fee-based advice under the new RDR regime. The integration will give advisers immediate access to a comprehensive and holistic financial planning solution.”
Voyant is a leading supplier of financial intelligence presentation and collaboration platforms which simplify financial needs assessments and planning processes between advisers and their clients.
Voyant Adviser has seen unprecedented growth across its UK IFA channel since launch. Voyant UK is a wholly-owned subsidiary of Voyant Inc. which is headquartered in Austin, Texas.
FinaMetrica helps manufacturers of investment products and investment advisors to better match investments to investor’s needs. Since launch in 1998 FinaMetrica has completed more than 400,000 profiles for over 3,000 investment advisers in 13 countries.
FinaMetrica’s subscribers’ advise on more than £18 billion of clients’ assets. FinaMetrica is based in Sydney, Australia.
Paul Resnik of FinaMetrica continues:
“Our clients typically have been high-end IFAs and private banks. More recently we have been engaged with larger advisory businesses, mainstream banks, research houses, life companies, fund managers, stockbrokers, and their service suppliers.
"We are currently working with several organisations moving to a client-centred advice model in the light of what was learned through the 2008/9 market turmoil and the more robust regulatory obligations on advice that have followed.
“We expect a number of fund managers, research houses and other service suppliers to join the Voyant/FinaMetrica integration over the coming months as the pressure grows to quickly modernise business processes to provide integrated solutions which meet regulatory requirements.”
