Brooks Macdonald Asset Management has joined forces with Plum Software to help advisers with their client reporting, giving clients a holistic view of their investments with the firm and elsewhere.
Plum’s CRM Software allows clients to view portfolio valuations, underlying holdings, alongside the client’s assets held with other institutions to provide a holistic view of their financial affairs. This is hosted in a day-to-day client management tool.
Information is stored online, automatically updated and can be used as part of an adviser’s comprehensive client reporting, as part of an initial financial planning or review meeting.
The software is also designed to manage all contact with clients, including documentation and workflow management. It provides electronic valuation feeds from over 50 providers, client reports, manages details of remuneration including FCA reporting and provides management information.
Andrew Shepherd (pictured right), managing director of Brooks Macdonald Asset Management, commented: 'Being able to efficiently value client’s investments is crucial in today's competitive market.
He added: 'Pulling valuations together from multiple sources in order to see a client’s entire portfolio can be time consuming especially for those with complex portfolios.'
'The ability to accelerate this process helps advisers concentrate on client service and advice offering. The ability to access data through standard desktops results in substantial time savings for advisers in their day-to-day work.'