New Model Adviser - For professional financial planners

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

From fact-finds to fund analysis: Next Gen reveal tech choices

Voyant Cashflow and FE Analytics are just two systems working well for Dominic McLoughney at Becketts Financial Services

From fact-finds to fund analysis: Next Gen reveal tech choices

In the first of a new Next Generation Adviser series, we ask firms for their top tech picks. Here Dominic McLoughney, director of Becketts Financial Services, explains his software selection and why visual goal-tracking tools could be useful for clients. 

Back office

We use Intelligent Office and it is great for our fee processing, which we outsource to an amazing company called Adviser Outsourcing. I cannot recommend them enough. The rest of the system I have to admit we have not fully developed but we do not love the interface.

Fact-find

We have our own paper fact-find, but we also use PreciseFP for online fact-finding. This is something we are looking to develop to help serve different markets.

Cashflow analysis

Voyant Cashflow. The visual options are great and clients really love the ability to see the plan change in front of them in real time.

Attitude to risk

FinaMetrica. We moved to FinaMetrica last year. I see attitude-to-risk questionnaires really only as a base for a conversation. I am not a huge fan but the gap-fill analysis is good on FinaMetrica, especially when presented on a big screen.

Fund analysis

FE Analytics. We used to use Morningstar but we have been with FE for five years or so now and I don’t think there is anything to rival it.

Fund platforms

We use a range but we run our centralised investment proposition with Parmenion and it has been brilliant.

Client portal

This is in development but we have been speaking with Money Info for a while now. Their system is really attractive on the client view side.

Tech wish list 

We want to use a more client service-focused customer relationship management system. We have been in discussions with WealthBox around their general data protection regulation status for a while.

I also really like the idea of DataPoints software. I would like to look at that in the future so we can maybe have a more sophisticated and analytical understanding of a client's behaviour.

We have not taken on TimeLine App but I think it looks like an awesome piece of kit, and really relevant and useful.

I wish someone would build a really visual goal-tracking piece of software that could link into client portals and other reporting technology. If there was demand, we would look into building it.

Share this story

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
More Content

BUSINESS

Niche IFA delivers for local postie with football team sponsorship

Niche IFA delivers for local postie with football team sponsorship

Postmen usually knock on doors to deliver letters, not make requests. But when Newport-based Niche IFA’s Royal Mail regular came looking for support for his football club, he did not leave empty handed.

ADVICE

7 Comments Gov’t to move forward with creation of collective pensions

Gov’t to move forward with creation of collective pensions

The government will shortly consult on reforms to the private pension system to allow for collective defined contribution schemes to be introduced, it was announced today.

twitter_banner

INVESTMENT