In order to properly execute on the 'Preparation' and 'Transformation' stages it is necessary to have a comprehensive understanding of the 'Destination' outcomes:
- Investment Solution – Veracity facilitates an Investment Committee for the firms that we work with to arrive at a set of risk adjusted model portfolios that will be the ‘destination’ your clients existing arrangements are compared against. New firms can join this committee and adopt the existing portfolios or put their own investment solution forward for consideration. Any integration costs of an alternative solution will be payable by the adviser firm.
- Wrap platform – Veracity is a planner led organisation and as such we will integrate with the platforms that are most in demand. Our proposition is constantly evolving and as such additional platforms will be considered over time.
- Outcomes for your business - Having benefited from the Veracity service your business can complete the journey from the transactional commission based model to the RDR friendly fee based service model. Your financial planning process will be more robust, scalable & efficient and better positioned to be able to fulfil the FSA requirements of Treating Customers Fairly and Managing Conflicts of Interest. Your firm is likely to be enjoying better risk management and increased levels of recurring income and as a result the valuation of your practice enhanced.
- Outcomes for your clients - As outlined in Client Benefits, clients will have replaced their flavour of the month, fragmented, shopping trolley approach to investment planning with a structured, coherent solution utilising institutional class portfolios where the asset allocation can be protected.