This version incorporated Asset Allocation Modelling - “This will continue to help firms prove that as part of their review process they are both treating their customers fairly and providing added value and analysis to justify their ongoing income” Martin Andrews
A free demonstration of this is available by clicking here.
- Business Income Forecasting - How much revenue is your firm due to generate over a specified forecast period, from Premium Based Renewal commission, Fund Based commission and Regular/Retainer Fees?
- Fund Performance Last week - A summary report showing how each fund you have clients invested in performed during the last week. A powerful tool in these turbulent times with the option to see which clients are invested along with the value of their holding.
- 4 New Client Charts - Asset Allocation and Risk Profile across a Client's Investments only or Pensions only. These will prove particularly useful where clients have a different risk strategy in their pensions to their investments.
- RMAR - Updated to include the new clawed back commission question in section G applicable to returns after 1st October 2008.
- Policies due to expire A list of all policies due to expire within a specified period.
26.06.2008 Article in FT Adviser - Profile Martin & Simon Andrews
View the article (opens the FT Adviser site)
22.05.2008 Article in FT Adviser - Fee Writer & Rate Setter
View the article (opens the FT Adviser site)
13.05.2008 Article in New Model Adviser - Fee Writer & Rate Setter
View the article (opens the Citywire website)
Fee Writer - provides a complete fee based package to IFAs from fee quotes, to customer agreements, to client
explanatory documentation which describes the approach the firm takes to charging fees. Whether adopting a CAR model, or an
hourly rate model or a fixed fee or monthly retainer model, Fee writer allows a firm to set certain parameters for their advisers
but then allows each adviser to produce a standardised fee quote to each of the clients that they meet.
Rate Setter - takes various input information into account to arrive at minimum charge-out rates for each adviser and
administrator within a firm. A firm can use this information to justify the fees they charge. This tool also allows a firm to put a
remuneration package and fee charging rate together for a new potential adviser to aid in negotiations in terms of recruitment.
05.05.2008 2 new Fee writing tools launched
View the article (opens the FT Adviser site)
27.03.2008 Article in FT Adviser - Impact of RDR
13.02.2008 Freedom upgrade v6.3
The key enhancements included;
- Fund and sector level mailing - enabling Advisers to produce reports and mailing lists for letters or emails to clients who are either in a specific fund or a general investment sector.
- Product specific asset allocation and risk charts.
- Added the ability to charge VAT on Fee Agreements and Invoices.
15.11.2007 Freedom upgrade v6.1
The key enhancements included;
- Comparative Asset Performance Statistics - Chart and supporting data providing the comparative return between the FTSE100, Cash in the Bank and Residential Property over any specified period back to 1985 showing current value, growth and RPI adjusted figures.
- Adviser Commission share - the ability to record Adviser commission percentages against individual Clients, Fees and New Business and produce Adviser statements for reconciliation
23.08.2007 Freedom upgrade v6
The key enhancements included;
- Invoicing added the ability to raise an invoice from a Fee Agreement
- Other Professional Advisers added the ability to record a client's Accountant, Solicitor, Doctor, Power of Attorney and Executor and generate letters to them.
- RMAR added the option to set a product as fee based for the purposes of RMAR if it wasn't processed through a Fee Agreement on Freedom.
- Bank reconciliation added the facility to fully reconcile the bank account.
- Money Laundering added the ability to record Money laundering information and print a Money Laundering certificate.
07.06.2007 Article in FT Adviser - Launch of Freedom
View the article (opens the FT Adviser site)
01.06.2007 Freedom is launched commercially
Freedom was developed with 3 central goals in mind;
- To be the easiest to use commercially available product of its kind
- To be the most cost effective overall business management system
- To provide flexible functionality rather the prescriptive rigidity