RDR Business Transformation
The RDR framework is dictating the way that Advisory Firms will operate from 2013. IFAs face a considerable challenge to identify and drive the changes to their business model and operational processes necessary to secure a profitable post RDR future.
There is a lot of transition advice on offer from various sources, but not much that actually helps reduce the burden of effort involved. Our online Data Prospector service uses a Firm’s own client and asset data to help build a realistic Transition Plan and then execute it.
Transition Planning
Using client & asset data extracted from an IFA’s back office, the online Data Prospector service provides IFAs with tools to assist in their detailed transition planning.
It doesn’t matter where a firm is on its transition journey as the service has focussed tools that provide the real insight and analysis that are the foundation stone for realistic planning.
The service includes:
- High Level Business Analysis
- Data Quality Analysis
- Client & Asset Profiling
- Client Segmentation
Data Improvement
Data Interface is recognised as one of the leading data experts in the IFA market.
There are many data quality and completeness problems associated with data held on IFA back offices that can be a significant barrier to business transformation and cost effective delivery of services. The Data Improvement Services available from Data Interface have been designed to quickly improve the reliability of client & asset data.
The Data Services we offer include:
- Data Investigation
- Data Improvement using bulk data from Providers
- Specific Data Improvement
- Data Transfer to other systems
Transition Execution
The Data Prospector service streamlines the process of moving clients to a new service proposition and identifying and transferring suitable assets to wrap platforms.
The service includes:
- Client Groups & Scheduling
- Client & Asset Data Verification
- Transition Analysis
- Data Export