We are delighted to inform you that our non-advised digital investment management service, FinchTech Ltd, has launched!
The plug-and-play white-labelled solution is one of the first of its kind and presents an opportunity to re-engage dormant clients potentially lost to the Retail Distribution Review (RDR), while simultaneously enabling IFAs to compete with the growing threat of low cost robo advice.
Four mainstream and four socially responsible investment portfolios are available via FinchTech Ltd, an Appointed Representative of TAM Asset Management Ltd. Portfolios range from Cautious to Adventurous and are drawn from the range of existing portfolios offered by TAM, all of which have proven track-records. There is no charge for the white-labelled service and IFAs are able to charge a platform fee for their delivery to market.
Lester Petch, TAM CEO, says: “Following RDR, financial advisers have been forced to consider the position of clients that fall below a particular investment threshold. In a 2016 Association of Professional Financial Advisers report, 69% of surveyed financial advisers said they'd had to turn away potential clients in the last 12 months. These clients either remain unserved or engage with robo advisers with no long-term proven performance. Our white labelled platform can be rolled out in as little as two weeks and helps IFAs engage customers who have remained dormant since RDR, while fighting back against the robo-creep.”
But just don’t take our word for it, here’s what the Press have to say about our proposition:
Financial Planning Today
FinchTech currently offers white labelled General Investment and ISA products with plans to launch a pension product later this year. Uniquely, all investors benefit from optional participation in the ‘You Give, We Give’ scheme. The initiative provides investors with the opportunity to donate a percentage of their annual profits from their investments to charities of their choice, and we will donate an equal percentage from our annual fees. To date, the scheme has raised over £50,000 for a wide range of our clients’ chosen beneficiaries.
For more information, or to speak to us about your own white labelled digital investment solution, please do not hesitate to get in touch with us at firstname.lastname@example.org, or phone Stephanie Barkway on +44(0)207 549 7650.