Outsourced Paraplanning firm The Timebank has added Portfolio Analyser from eValue to its services.
Portfolio Analyser, part of the eValue Advisa Centa suite of tools, will help the firm's Paraplanners with client portfolio review recommendations.
The tool can support the output from different risk profile questionnaires, improve efficiencies and optimise returns for clients on new and existing investments.
The addition of the tool to The Timebank's services addresses the concerns of the Financial Conduct Authority over suitability of investment recommendations.
Damian Davies, director of The Timebank, said: "This solution enables our Paraplanners to achieve considerable efficiencies as it brings together product and fund review in one place and offers the ability to optimise on and off platform assets to give the highest potential return for the selected risk profile."
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Joanna Hall, sales and marketing director at eValue, said: "Portfolio Analyser enables The Timebank's Paraplanners to review and regularly rebalance compliantly and efficiently existing portfolios of products and funds, ensuring the best possible solution for their adviser clients.
"The result is a bespoke portfolio that meets the client's specific needs and risk profile, delivering the best possible potential outcome."

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