threesixty Selected by Intelliflo to Provide Suitability Reports
threesixty, the fee-based IFA support services provider, has been selected by IntelliFlo, the back-office solutions provider, to supply template suitability reports on its Intelligent Office online service, as part of its online offering to 5,000 IFA users.
Intelligent Office is the UK’s fastest growing Customer Relationship Management system for IFAs, with over 5,000 users nationwide.
threesixty’s template reports have been used by a large number of intermediaries since 2003, and have been well regarded by both large and small firms. The reports include product-specific content, which is regularly reviewed and updated to reflect regulatory and legislative changes.
Phil Young, a partner at threesixty, commented: “A lot of time and effort goes into the reports, but Intelligent Office users need only make a few clicks to build the templates. The system automatically selects many of the relevant paragraphs based on the client’s policy holdings so that the user is not presented with a long list of options, just a compliant report ready for tweaking.”
Nick Eatock, Chief Executive of IntelliFlo, commented: “threesixty’s reputation for professionalism and high quality compliance support gave us great comfort when launching this service. We were conscious that these reports have passed through the hands of the FSA among others, and that kind of experience and expertise is a very worthwhile investment for any business interested in protecting its value.”
Tim Newman, Managing Director at Sense Network, whose advisers already use the reports through Intelligent Office, commented: “threesixty’s reputation is such that you expect the reports to be compliant, but we have been impressed with how usable they are with clients. Where we have fed back minor suggestions for improvement, threesixty has been able to make adjustments very quickly. The reports save a lot of time for everyone involved.”