Cofunds has launched its client segmentation and updated fee flexibility functionality as part of the platform's efforts to help prepare advisers for the Retail Distribution Review (RDR).
The changes, said Cofunds, enable advisers to manage their service propositions via the platform as well as complying with Financial Services Authority (FSA) requirements stipulating clients need to be identified as being advised or non-advised. Its segmentation functionality allows advisers to reflect different levels of service offered and assign appropriate levels of charging. Each segment has an "advised" or "self-directed" advice type, with customised documentation for each, so advisers can record whether a trade has been placed on behalf of an advised client. The platform does n...
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