SimplyBiz enhance free of charge Verbatim proposition

SimplyBiz have announced an upcoming addition to the range of Distribution Technology planning tools offered free of charge to their Member Firms.

Advisers who use the services of The SimplyBiz Group, who are already offered access to DT’s lite and investment and retirement planner, Rayner Spencer Mills’ asset allocation tools and a range of independent investment solutions as part of the Verbatim compliant investment process, will also be given access to a budget planning tool.

The tools which are currently offered to SimplyBiz Members on a complimentary basis allow advisers to precisely assess a client’s attitude to risk, and then easily explain to them what that risk rating means in monetary terms.  The addition of the budget planning tool will further enhance the adviser’s proposition by allowing them to clearly demonstrate to the client the impact that potential gains and losses will have on their existing financial holdings.

Neil Stevens, Joint Managing Director of SimplyBiz, commented:

“We introduced the Verbatim compliant investing process a year ago and have had a very positive response from our Members so far.  The budget planning tool is a simple, yet sophisticated, system which allows for differentials such as inflation, and can be set to reflect different periods of time.  In addition to helping advisers truly get to know their clients, it will also assist them in building an accurate and holistic picture of their client’s complete financial position.

At SimplyBiz, we passionately believe in the importance of a reliable, repeatable and robust investment advisory process, and we will continue to develop and grow the Verbatim proposition over time to reflect this.”