23 April 2017
visit nextgenbanking.co.uk

Avelo incorporates RDR-focussed features into Adviser Office software

24 September 2012  |  1238 views  |  0 Source: Avelo

Leading financial services technology solutions provider Avelo has incorporated key RDR-focussed features, including the most comprehensive charging model for fees based advisers, into the latest version of its market leading Adviser Office (AO) software currently being rolled out nationwide.

The significant upgrade follows extensive research among a focus group of IFA users to ensure that AO Release 10.1 meets the changing needs of advisers operating in a fees based environment. RDR specific changes to the product include:

• Enhanced RMAR data collection & additional reporting (new sections K&L)
• Significant upgrade to fees recording and invoicing
• Additional functionality to enable on-going charges to be administered effectively

Paul Yates, Product and Strategy Director, Avelo commented: "Financial advice as we know it will be very different from 31st December. Advisers will be making significant changes to the way they work and need all the support they can get. Adviser charging is a particularly contentious issue for many as they try to coordinate new and renewal business as well as juggling businesses that operate on a commission basis.

"This is why we took the time to consult extensively with our advisers to design an adviser charging module that really takes the hassle out of doing business in a fee based environment - the end result is a real game changer for our clients and a significant differentiator for us. We will continue to provide the highest levels of support to our customers post RDR and beyond, ensuring we offer the products they need within the time frame that works for them."

The AO upgrade forms part of Avelo's comprehensive support to clients to ensure they are RDR-ready with the right technology installed and aligned with their internal business processes well in advance of Dec 31st deadline. This delivery comes on top of Avelo's RDR initiative earlier this year with the launch of the www.Ready4RDR.com online resource, providing a one-stop-shop for insight, opinion and practical help from Avelo business and technology experts, plus the thoughts of leading industry commentators and other useful resources.

Avelo's RDR support campaign also featutures free 'getting started' client training sessions to help clients get the most out of the new Adviser Office version and Avelo experts will be in attendance at User Group meetings throughout September to November. 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comvisit dh.com

Top topics

Most viewed Most shared
BBVA runs live funds transfers over RippleBBVA runs live funds transfers over Ripple
8780 views comments | 27 tweets | 16 linkedin
Western Union and MoneyGram unveil Facebook Messenger bots; Mastercard and Amex pile inWestern Union and MoneyGram unveil Faceboo...
8136 views comments | 16 tweets | 17 linkedin
hands typing furiouslyDoes the Buck Stop with GameStop?
7682 views 0 | 3 tweets | 7 linkedin
Alipay and WeChat near $3 trillion payments milestoneAlipay and WeChat near $3 trillion payment...
7623 views comments | 35 tweets | 36 linkedin
Bank of England accelerator to tackle Big Data and privacy in distributed ledgersBank of England accelerator to tackle Big...
6702 views comments | 19 tweets | 11 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job