MIKE COADY

Financial Expert | Business Excellence | Growth Expert
Mike is an award winning financial expert and a well-known leader in the financial industry. Having taken two of his previous firms to Chartered Status in the UK and also achieved the prestigious National IFA of the Year Award – Highly Commended. In addition, Mike is qualified to UK Financial Conduct Authority (FCA) standards, a member of the Chartered Insurance Institute, a Fellow of the Institute of Sales Management (FISM), and a Fellow of the Institute of Directors (FIoD).
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deVere rolls out revolutionary paraplanning programme

Mike CoadydeVere deVere rolls out revolutionary paraplanning programme
deVere Group

deVere rolls out revolutionary paraplanning programme

I’m delighted to announce that the deVere Group has recently rolled out its highly anticipated, pioneering paraplanning technology, ‘The Automated Reasons Why Letter Programme’.

 This revolutionary, high-performance software, which teams from our UK technical, IT, compliance, legal and customer service departments worked hard to develop over a six-month period, gives our advisers even greater scope to tailor-make bespoke investment and savings plans for their clients by producing customised advice documentation.

Comprehensive market research underscored that we would be unable to purchase an ‘off-the-shelf’ paraplanning programme that would be able to meet the evolving model of our business, whilst simultaneously meeting international regulatory and industry developments.  As such, we took the decision to invest our resources into designing our own technology – and what we have recently introduced is the impressive result of this.

High-spec features

The new programme’s high-spec features include: functions to analyse clients’ current financial arrangements, automatically calculate projections, tailor-make product and provider recommendations to meet the client’s requirements, analyse risk and asset allocation in line with the firm’s risk policy, and an inter-company branding facility.

There’s also a passive compliance functionality that flags up any issues which should be considered, including a client’s age and their risk attitude.  In addition, there’s a filter that will allow the user only access to the products that are suitable for use in the relevant jurisdictions, and once the report has been finalised, it’ automatically and securely archived.

We’re also currently adding the QROPS RWL, and within the next few months we will have an automated portfolio and funds selection too.

I’m confident that the launch of this new paraplanning technology will help set new standards of excellence within our industry and actively demonstrate how deVere consistently responds to the evolving needs of clients, advisers, regulators and the sector.

Mike CoadyMike Coady
Mike Coady
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