Defaqto expands Engage to include all tech required for advice

Single tool to include risk profiling, cashflow planning, ratings and more

Sahar Nazir
clock • 1 min read

Defaqto is extending its Engage offering and incorporating its adviser software into a single financial planning tool within it in a bid to “reduce costs, improve compliance, and drive revenue” for advice firms.

Engage now includes cash flow planning, risk profiling, protection research, suitability report production, and customer relationship management integrations in a single package, without the need for additional licensing, the firm said. Chief executive John Milliken said: "We know that running an IFA business is becoming increasingly challenging. The amount of regulation is increasing, there are macroeconomic headwinds and the cost of doing business is going up. "Defaqto Engage enables smarter financial planning by guiding practitioners through an auditable financial planning process ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

Sahar Nazir
Author spotlight

Sahar Nazir

News Editor at Professional Adviser

More on Your profession

Advisers urged to use value for money 'checklist' on providers

Advisers urged to use value for money 'checklist' on providers

Hymans Robertson shares questions IFAs should ask

Isabel Baxter
clock 25 July 2025 • 3 min read
SimplyBiz CEO warns of advice sector 'polarisation'

SimplyBiz CEO warns of advice sector 'polarisation'

Important to continue supporting smaller firms, Tom Hegarty tells PA

Isabel Baxter
clock 24 July 2025 • 5 min read
PFS invests £1m in future talent

PFS invests £1m in future talent

Key that financial planning tackles 'mistrust' and knowledge gaps

Sahar Nazir
clock 23 July 2025 • 2 min read