Quay Software and TRML have teamed up to offer fee-based IFAs additional back office support which g...
Quay Software and TRML have teamed up to offer fee-based IFAs additional back office support which generates personalized reports on client portfolios.
Once the system is set up for each client, Quay's Business software - which now contains additional iTrak tools from TML - should provide advisers with more proactive evidence of why clients should keep IFAs on a retainer for regular advice, argues Roland Rawicz-Sczcerbo, Quay Software's sales and marketing director.
That's because the reports show in detail the total return on investments, details of portfolio underperformance, any imbalances of asset allocation as well as access to any other analysis measurement that companies might use to demonstrate the client's interests.
These additions are part of the Quay Software business hub, which now contains desk top client support, web software and design tools, compliance plug-ins, group scheme management tools, document management as well as research from Financial Express and Morningstar and fact-find tools.
Simplest form of iTrak is a client databasing analysis system, where details of the clients address and personal information can be logged, along with portfolio requirements and details of other valuables and collections.
Additional tools allow more complex calculations to be added to reports, containing unit price feeds, asset allocation details, FT ratings for risk evaluation, as well as presenting the historic performance of funds to help calculate returns and volatility.
The deal between the two firms will see the other promote its affinity partner to new and existing clients.
For more details of the Quay Business Suite, click thru the right-hand links.
£300bn of liabilities
View from the front row
Transfer from occupational scheme
Appointed by FCA and PSR boards