Advised clients can now top-up their Automated Advice investments through the Intelligent Office Personal Finance Portal. Previously they would have had to top-up through their adviser or open a new account altogether.
Automated Advice went live last autumn and includes a tailorable advice process which incorporates attitude to risk and investment projection tools, and allows advised clients to invest in six fund providers' risk-rated portfolios through the Cofunds platform.
The service offers a "complete" audit trail, the company said, so advisers can monitor client activity and configure "stop scenarios" at which clients can no longer continue the investment process. This allows advisers to intervene and offer a more tailored advice service where appropriate, it added.
Executive chairman Nick Eatock (pictured) said: "Our Automated Advice service equips advisers with the tools to compete with banks and large financial corporations by enabling them to offer clients self-select ISA and GIA investment portfolios.
"The top-up facility means clients who opt to select and manage their own investments without involving the adviser can now build their savings quickly and easily."
Advice firm Kymin Financial Services launched a robo-advice tool for those with £1,000 to £50,000 to invest in January, using Intelliflo's Automated Advice, and managing director Robin Hall descibed it as "an ideal way" to help clients with less to invest.
He added: "While self-select investment options aren't new to the market, the concept of advisers offering clients direct access to investments such as ISAs and GIAs is very different.
"It's an ideal way for advisers to meet the needs of clients with modest means but who want to access stocks and shares investments in a tax-efficient, cost-effective way, while having the comfort of knowing there is an expert on hand if they need them."
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