Fintech and funding supplier Timeline has launched its personal adviser platform promising a platform charge of a typical 0.15%.
The agency says its new Timeline Platform will present an “built-in ecosystem constructed for contemporary monetary advisers.”
The corporate says it won’t be one other “me too” platform.
The platform is at the moment in Beta testing format however the agency has invited advisers to register their curiosity. Full particulars of the platform have but to be launched.
Affirmation of the launch of the brand new platform got here this week on the agency’s Adviser 3.0 convention in London.
Timeline already offers a variety of fintech instruments and funding options. It has £4bn in belongings underneath administration.
Timeline CEO Abraham Okusanya stated: “Timeline Platform is the built-in ecosystem constructed for contemporary monetary advisers. We’re creating one thing magical. A platform that’s intuitive, that pulls by way of knowledge seamlessly and is totally built-in with our current planning and portfolio administration tech.
“We’ve thoughtfully crafted a unified platform that fades into the background, placing the adviser-client relationship entrance and centre, proper at its coronary heart. This isn’t simply one other ‘me-too’ platform — it is what we name Platform 3.0.”
Timeline says the platform will deal with bettering the shopper expertise, streamline adviser workflow and cut back prices by offering an built-in know-how stack for Monetary Planning, portfolio administration, custody and administration of shopper belongings.
The platform can have a variety of instruments together with a Customisable Factfind, Danger Profiler, Cashflow, Funding Analytics, Modular Reporting, Digital Onboarding Suite (together with KYC/AML, Digital Letters-of-Authority), and Shopper Portal with embedded Buying and selling and Custody capabilities.
The corporate plans to work with a pool of current companies through the Beta part, including extra performance earlier than opening the doorways to the remainder of the market within the Autumn.
Thomas Hogg, vice chairman of product, demonstrated the brand new platform on the convention.
He stated: “We have now delivered a platform that may exceed adviser expectations.
“We all know that many advisers are pissed off with the customer support ranges they obtain from platforms, so our strategy to steadily onboard adviser companies will guarantee we ship wonderful customer support and a product that delights.”
