The system will enable advisers and clients to view underlying assets within a portfolio via a secure portal on their own computer. A second phase will also introduce the ability for advisers to trade in a number of financial instruments including direct equities and funds via a secure platform which would then be executed via a back office system.
It is hoped the technology will be rolled out to AES International network members at the beginning of the New Year, with two other providers, Premier Pensions Solutions in Spain, and One International in Dubai, receiving “white labelled” products at the beginning of February. The white labelled products will be branded in each company’s own branding.
Sam Instone, managing director of AES International, said: “We are very excited to be rolling this out to our advisers in the New Year. MBA Systems already provides this service to a number of top wealth management and investment companies and it is very pleasing to offer this high level of capability to our advisers.
“The second phase will provide our clients with access to fast, low cost trading, in line with MiFID best execution rules, and removing the need for requests to go through life offices which often takes days.”
