Dynamic Planner has been selected as the best by award-winning financial adviser group Tenet to provide its members with risk profiling and asset allocation investment processes.
All Tenet appointed representatives and directly authorised clients of TenetSelect will be able to use Dynamic Planner to risk profile their clients, enjoy full, two-way integration with Intelligent Office [iO] and tap into the independent, whole of market fund analysis and research of 1,300+ funds each quarter.
Ben Wright, Business Development Director at Tenet, said: “Dynamic Planner is recognised as the market leader in this space. As well as offering full integration with Intelligent Office, this deal will significantly enhance our offering, helping members deliver an efficient and accurate service, as well as enriching their end-client experience of the risk profiling and annual review process.”
We are delighted to announce our partnership with Tenet as part of our wider focus on ensuring suitable advice and investments are provided to all. Having taken part in a rigorous due diligence process and been selected as the best in the market, we are looking forward to servicing hundreds of Tenet firms over the next six years. Using Dynamic Planner, Tenet advisers will enjoy flexibility when risk profiling their clients. They will be able to access online, academically proven psychometric profiling questions – via email and synced back to Dynamic Planner – completed by the client in a time and place of their preference. Other options include the iOS app, at a computer with the client, or on paper.
To recommend suitable investments, they can access Dynamic Planner’s independent, whole of market research and select from more than 1,300 funds risk profiled every quarter. They will also quickly be able to view Tenet’s approved fund list to further recommend investments from and will be fully aligned against Tenet’s policies and procedures. This process is robust and effective.
We are confident Tenet firms will now have access to the very best risk profiling and asset allocation investment services, helping them increase efficiencies in their back office and review processes, select suitable investments and clearly demonstrate the value they bring in the advice process. We’re committed to helping Tenet advisers drive their businesses forward and are proud that Dynamic Planner will now be an integral element of their investment process.
A huge warm welcome to Tenet members from Dynamic Planner. We look forward to working with you over the coming years to future proof your advisory firm, bringing you compliance benefits, increasing your efficiency, reducing the number of back office systems you rely on, and providing someone to turn to at every step of the journey.
To get set up, please contact your Tenet representative and we look forward to servicing you.
Last week, we released the latest changes to Dynamic Planner as part of our series of monthly enhancements.
We have updated the forecast to show the client the effect of not investing their money. The ‘Not invested’ column helps clients visualise the impact that inflation would have on their portfolio over 20 years. We include inflation and assumed charges in the forecast, which dampen the returns shown to the client, but makes them a more realistic benchmark for their future portfolio.
The value at risk forecast plays a pivotal role in the risk profiling process, providing the client with a numerical value as to the likely losses and gains they could face for a given risk profile. Using the value at risk forecast, you can (and should) have a quantitative discussion about your client’s capacity to take risk with their portfolio.
What do the three outcomes show?
A common question for new users of Dynamic Planner is what each of the three outcomes of the stochastic forecast show. We have put together the handy infographic below to demonstrate.
Changes in March
We are updating the forecast to show the client the effect of not investing their money. We include inflation and assumed charges in the forecast, which dampen the returns shown to the client but makes them a more realistic benchmark for their future portfolio. The ‘Not invested’ column helps clients to visualise the impact that inflation would have on their portfolio over 20 years.
For more complex cases, you can go on to explore how the clients’ portfolio will withstand one-off or regular income withdrawals from the portfolio through our stochastic forecasts.
The ‘Not invested’ feature was first developed for AccessAdvice, our digital advice process, and has been requested by several users to be added to Dynamic Planner. The change will also appear in the iOS risk profiler app – available for iPhone and iPad – over the next few weeks, so make sure you update when the new version is available.
If you have not tried the iOS app, you should. It is included as part of your Dynamic Planner licence. Simply download the app and sign in with your Dynamic Planner username and password. The app provides the full risk profiling process, works online and offline and fully synchronises with your Dynamic Planner account.
Also in March, we have made a few amendments to the Risk Profiling report, most notably allowing you to exclude the recommendation view from the report – this is particularly helpful if you are giving the report to your client prior to entering recommendations into Dynamic Planner.
We would love to hear how you are finding the new and improved reports. Please let us know.