Larger IFA firms can now assess the financial impact of the FSA's "cost of advice menu" on their business, thanks to the launch of specialist software by Cboxx.
Launched just ahead of the FSA's depolarisation "cost of advice menu", the four-step Cboxx software process is designed to calculate all elements of commission and fee income for large IFAs and financial intermediaries. Business Profiler looks at the current business profile of the firm while Income Forecasting assesses the firm's remuneration potential and options post depolarisation, and 4Cast software looks at the potential for future revenue streams. Some of the questions which software will be able to help intermediaries answer include: What would be the impact of switching 1...
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