Using Intelliflo’s Intelligent Office (iO) system, the service offers advisers the ability to review the value of open architecture bonds in their clients’ portfolios in real time.
Intelliflo’s chief executive Nick Eatock said the tool is intended to help advisers reduce admin, increase efficiency and “create more time for them to focus on the profitable areas of their businesses”.
CLI said it believes the service will make it easier for advisers to assess the performance of the bond and adjust the asset allocation through their back office systems in the same way they would do with an onshore bond or pension.
“No other provider is currently able to support real time contract enquiry messages” with the same degree of efficiency and consistency in their business processes, CLI said.
Robo-for-adviser
Canada Life said about 80% of advice firms use client relationship management systems to help manage their customer relationships and operations.
Commenting on the potential interest in the service from advisers, the firm said it had identified 685 companies using the Intelliflo system that have clients with an international bond portfolio “and could benefit from the new offering”.
“This contract enquiry development is the first of its kind for these products. It means advisers can value international bond portfolios with ease at any time,” CLI’s executive director Sean Christian said.
“It is hugely important that providers fully leverage technology that supports positive outcomes for advisers and their customers, as doing so will help forge strong relationships.”
CLI has assets under administration of £14.3bn ($18.8bn, €16bn) (as of 31 March 2017) and forms part of a group of companies controlled by Great-West Lifeco, a financial services holding company headquartered in Winnipeg, Canada.
