Personal Touch new wealth panel
Personal Touch Financial Services has detailed its new restricted advice wealth management service including the platforms, providers and panels it has selected to support its new consumer-led proposition.
The selection of the new wealth management panels was made on the basis of factors including financial strength, based on AKG ratings, and demographic fit. All companies were able to meet strict TCF-based criteria which included cost transparency, technology efficiencies and the ability to provide ongoing training and support for members together with value to their clients.
Central to the new wealth management strategy are the core objectives of minimising risk, improving process efficiencies and enhancing client terms with the development of a dedicated Wealth Support Team helping members throughout the transition.
David Carrington, marketing director of Personal Touch, said: "Our new wealth proposition is aimed at bringing together the very best providers in each wealth sector to support the delivery of high quality advice and value for money services for our member firms and their clients.
"Our advisers also have access to a range of model portfolios and active and passive fund ranges through our link with fund experts Rayner Spencer Mills.
"In designing our new improved proposition we worked closely with research specialists Defaqto in putting together a range of panels which will help reduce due diligence time and allow our members to control risk within their businesses, whilst improving client outcomes through improved terms".
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Personal Touch Financial Services – Wealth Management Panels
Platforms: Aviva, AXAElevate, FundsNetwork, Skandia
Discretionary Fund Managers (DFM): Brewin Dolphin, Brooks Macdonald, Close Brothers, Quilter Cheviot
Annuities: Aviva, Canada Life, Just Retirement, Legal & General, LV=, MGMAdvantage, Partnership, Prudential
Specialist SIPP: James Hay, SIPP Centre, Suffolk Life
Structured Products: Investec, Legal & General, Morgan Stanley
The new wealth management strategy was unveiled to Personal Touch member firms at a one-day Wealth Management conference on Wednesday 20th November at the Birmingham Hilton Metropole. Personal Touch Financial Services is a privately-owned professional adviser network established in 1994 and offering a range of services including wealth management, mortgages and insurance.
