Technology giant LogicaCMG is launching a third-party outsourcing service from next month for IFAs looking for a better and cheaper way to manage valuations of client portfolios.
The new service - set for launch on December 10th - is built as a “utility” for IFAs but relies on India-based outsourcing staff to process valuations, including the handling of large valuations volumes which still require manual processing even though the industry has made substantial move towards automated processes. By developing the service as a “utility”, it should create economies of scale, enabling competitive pricing and relieve IFAs of a major administration headache so advisers have more time to spend with clients, says John Phillips, lead management consultant financial servic...
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