Defaqto has launched a new tool aimed at Financial Planners and advisers.

The firm says the new Engage Core “provides all financial advisers’ Financial Planning tools in one end-to-end solution.”

The system uses a range of workflows to advisers manage their Financial Planning process all in one place, including from risk profiling through to product, platform and fund research and recommendation, generating an automatic audit trail.

Defaqto said Engage was already in use by 49 out of the top 100 adviser companies.

Pan Andreas, head of insight and Consulting for funds and DFM at Defaqto, said: “The advice process and the software solutions available to support it can be very fragmented.

“There are many technology tools for advisers to use at various stages of the financial planning journey.

However, most of them are designed with only one particular stage in mind.

“There are also significant risks, such as errors in re-keying information, associated with having multiple Financial Planning tools that are unable to integrate together.”

He added: “With the all new Engage Core advisers can create, store and manage client information, investment goals all in one place and seamlessly integrate with their back office, ensuring a consistent and efficient advice process.”

• Financial Planning Today website and magazine is offering you the chance to win one of five £50 M&S gift vouchers by taking part in our 2018 reader survey on the State of the Financial Planning Profession. 

  The survey is open to all Financial Planners, Paraplanners, Wealth Managers and IFAs and will help us assess the current health of the Financial Planning profession.

  Your answers will help us get under the skin of the profession and highlights from the survey will be published in the next issue of Financial Planning Today magazine in July so you'll be able to see how your peers run their businesses and see how fellow professionals view issues such as client growth, Brexit, use of video technology and much more.

  The survey should take no more than 10 minutes to complete.

  To thank you for your time, those who complete the survey will be offered the chance to enter into a Reader Prize Draw to win one of five £50 M&S vouchers. Terms and conditions apply.

  Financial Planning editor Kevin O'Donnell said: "We very much hope that readers will take part. Apart from giving us an insight into the profession, your views will help to give you an even better service through Financial Planning Today website and magazine by giving us feedback and more information about our readers and how they view the profession."

  No data will be passed to any third parties and results will only be shared in aggregate when the survey highlights are published.

  Highlights of the results will be published in Financial Planning Today magazine in July so you'll have a chance to see how your fellow professionals view the future and what makes the profession tick too.

  Dozens of readers have already taken part so now is your chance to have your say and share your views on the shape of the profession in 2018. The survey closes on 7 days time on 20 June so please take part now to avoid missing out.

  To take part click below:

  Financial Planning Today: Reader Survey