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SimplyBiz lifts lid on post-RDR adviser proposition

by Jun Merrett on Nov 27, 2012 at 16:00

SimplyBiz lifts lid on post-RDR adviser proposition

Support services provider SimplyBiz has unveiled a series of propositions for life after the retail distribution review (RDR).

The firm headed by chairman Ken Davy (pictured) has launched four new services aimed at catering for directly authorised advisers in a post RDR world.

The support services provider has launched propositions aimed at both independent and restricted adviser.

The first of these is called the Vision range, of which there is an offering for IFAs called Vision Independent and one for restricted advisers called Vision Restricted.

The service will provide advisers with documentation for fact finds, risk profilers, risk and return explanations and technology including the Dynamic Planner software.

It will also offer access to fund group Verbatim Asset Management, compliance service Compliance First, solicitor and IFA trade body Sifa, and its recently launched platform Verbatim Product Centre.

Advisers opting for either Vision Independent or Vision Restricted can decide not to use the Verbatim product range and choose their own platforms and discretionary fund managers.

Restricted advisers who choose Vision Restricted will also be able to dictate how they restrict themselves with investment and platform choice.

The third and fourth offerings are called Compliance Framework Independent or Compliance Framework Restricted.

SimplyBiz said under these services it will tell firms everything they need to do to be independent or restricted and provide a framework for firms to choose their own elements. For example, firms do not have to choose SimplyBiz's Dynamic Planner as its technology solution but will have to pay extra to use a different service.

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3 comments so far. Why not have your say?

Simon Mansell

Nov 27, 2012 at 17:22

Vision Restricted

Fancy being an adviser with Restricted Vision? Do we get a white stick? Lets hope its not a case of blind leading the blind!

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Lady IFA

Nov 27, 2012 at 17:28

I've had a look and it looks excellent. Very professional and well thought through. I have been extremely impressed by SimplyBiz over the years.

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Nov 27, 2012 at 17:33

Ken Davey is one of the few people in this industry with accurate vision - yet sets up a company that sounds as if its something to do with guide dogs

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