INVESTMENT ADVISER | ISSUE 09 2024 9
I am delighted to share that over 1,000 Defaqto Engage licenses have been adopted by our member firms since we added an enhanced version of the financial planning system to our core membership package five months ago . We were very excited about this opportunity to provide a major enhancement in adviser technology to our member firms and I am thrilled with the response we have received .
As part of our suite of market-leading technology solutions , Engage was designed to help advisers manage regulatory risk , increase efficiencies , and deliver better services to clients . It brings together a range of previously standalone modules , including risk profiling , cashflow modelling , and pension , product , and platform switching , into a single comprehensive package . Currently used by around 30 % of UK advisers , Engage is powered by Defaqto ’ s extensive data , covering more than 21,000 funds , platforms , DFM MPS , and products , with £ 43 billion in recommendations going through the system annually .
Our adoption programme has been spearheaded by Josh Wrigley , our Head of Adviser Technology , who commented :
“ The strength of Engage lies in the collaboration between Defaqto and SimplyBiz , powered by feedback from our members about what they need from a planning tool . Engage is the best financial planning tool available in the market and has helped advisers to save not only money but also thousands of hours over the past four months .
“ We ’ ve received a hugely positive response since we added Engage to our core membership service and , along with the rest of the comprehensive suite of market-leading technology solutions available to our members , we ’ re pleased to see it helping advisers to add efficiencies , streamline processes , and meet their regulatory requirements .”
John Milliken , CEO of Defaqto , also added :
“ We ’ re delighted to be a strategic partner of SimplyBiz , working to provide advisers with access to Defaqto Engage - the UK ' s most comprehensive financial planning tool - , which empowers faster , smoother , and more compliant experiences . Together , we ’ re focused on making technology accessible to advisers and improving client outcomes ."
GET YOUR COMPLIMENTARY LICENCES NOW
Over 1,000 SimplyBiz members are enjoying seamless , end-to-end financial planning through Defaqto Engage Premium , and you can too .
With two complimentary premium licenses included in your SimplyBiz membership , there ’ s never been a better time to upgrade and join our growing community of Advisers benefiting from Defaqto Engage Premium .