Brooks Macdonald has teamed up with Woven Advice to help IFAs align centralised investment propositions (CIPs) with their client books more easily.
Woven collates platform, product and investment data into a single view enabling IFAs to assess their book against their CIP more swiftly. Advisers will also benefit from client communication tools and can provide clients with personalised suitability reports.
Woven Advice’s solution was developed with direct input from advisers and paraplanners at Brooks Financial. Brooks Financial is already using Woven, alongside a number of IFA firms within the Brooks Macdonald strategic partnerships programme.
Andrea Montague, CEO of Brooks Macdonald, said: “Everything we do at Brooks Macdonald is centred on delivering outstanding outcomes for our clients. By combining personalised advice with the right digital capabilities, we aim to be the wealth manager of choice in the UK known and chosen for our customer service.
“Partnering with Woven allows us to enhance our service proposition through innovative technology, while staying true to the adviser-led approach that our clients value.”
Nicky Sevel, CEO of Woven Advice, added: “Good advice is often let down by the infrastructure behind it. Data sits in different places, reviews take longer than they should, and clients end up paying more than they need to. Woven exists to fix that – cutting the cost clients carry and giving advisers their time back. Working with Brooks Macdonald lets us do it at real scale, with a firm that shares our view of what advisers should be spending their day on.”
