Over 2000 users adopt The SimplyBiz Group's Centra system

10 Oct 2018

The SimplyBiz Group has announced that over 2000 advisers have adopted its end-to-end investment system, Centra, since its launch six months ago.  Licences for Centra are available to members of the Group at no cost, with no restrictions to the number of licences granted per firm.

Over 100 face-to-face training events hosted by the Group across the UK, again provided free of charge, have been attended by 1100 advisers and supporters to date. 

An independent review of the Centra system recently undertaken by the Financial Technology Research Centre (FTRC), reported that:

  • Centra could save advisers two hours 59 minutes per case, which is a 66.3% time saving when compared to a manual process.
  • Centra offers a complete financial planning proposition, integrated product research, the ability to create suitability reports, ready-made complete centralised investment propositions (CIP) or adviser created CIPs, within a single system. 
  • Close attention has clearly been paid to meeting the requirements of the FCA’s finalised guidance on assessing suitability (FG11/15) and assessing suitability; replacement business and centralised investment propositions (FG12/16).
  • The SimplyBiz Group has clearly demonstrated that it caters for all advisers and investment strategies, offering expert guidance and time-savings, no matter the chosen investment selection method.

Dan Russell, Managing Director of SimplyBiz Investment Services, commented:

“I am delighted to see how enthusiastically Centra has been adopted by Members of The SimplyBiz Group.  We invested heavily in the development and deployment of Centra, both financially and in terms of resource, with constant consultation with advisers throughout the process.  Providing free Centra licences means that we have delivered the equivalent of over £2.5m of software to the firms we serve, at no cost.

“We are confident that it is the best system available for advisers today, and it is great to see our members are in agreement.”


Testimonials

“I am more than happy with the service I receive from SimplyBiz and will remain a Member as long as the quality of service is maintained and they continue to employ such high quality individuals”

John Whelan
John Whelan Financial Planning

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