Moneyinfo adds white labelled onboarding app

Fintech has added a digital fact find allowing Financial Planners to gather fact find information from clients via their own branded app.

The app is available for tablet and mobile as well as desktop.

The new financial profile builder prepopulates with data fed in from platforms, providers, online accounts, the Land Registry, and Open Banking to simplify the capture of a client’s assets, liabilities, income and expenditure.

The app is also integrated into moneyinfo’s WhatsApp-style secure messaging and workflow to further automate both onboarding new clients and reviews with existing clients.

Financial Planners can also create their own fact find templates, choosing which sections to include and how they are presented to the client.

Automated workflows guide the client through the onboarding or review process, prompting them to update their information, upload policy information or statements, and review/approve documents and reports.

Moneyinfo said the new app will allow Financial Planners to remove paperwork, secure their communications and achieve ‘significant time and cost savings’.

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Sam Whybrow, founder of London-based Financial Planning firm Thanks Wealth Planning, said: “The fact find process is one of the most time consuming and least engaging parts of the advice process. An unnecessary evil which is often a painful process for both adviser and client. Pulling together all the information needed to provide advice, not least in the area of expenditure, can be difficult and which many clients don’t know with any degree of accuracy.

“Moneyinfo’s new digital fact find integrates with moneyinfo’s aggregation capabilities, saving significant amounts of adviser and client time - as well as providing better data to improve cashflow planning.”

Tessa Lee, manading director of moneyinfo, said: “There’s much talk about hybrid advice but what moneyinfo really does is hybrid client engagement, allowing firms to embrace new ways of working with clients whilst maintaining the human element that all of us value so much.

“CRM is shifting out of the back office into the front office and client engagement solutions, like this, are now key to any wealth management or advice firm.”

Moneyinfo provides a branded communication service for advisers and investment managers, including branded apps for Apple and Android.

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Moneyinfo adds white labelled onboarding app