Vivid Financial has taken advantage of Financial Simplicityâs best practice business model which overcomes the restrictions of âclosedâ product based offers to allow Vivid Financialâs specialist team to take full control over their clients individually managed account (IMA) and separately managed account (SMA) portfolios.
Jon Reilly from Vivid Financial explains âWith our new capability, we are able to offer industry leading, client tailored portfolio management in a scalable business model, providing a win-win for the client and our business at the same time. Our clients love the experience of tax smart and tailored portfolio management and yet we can deliver this with the speed and dexterity that new technology such as Financial Simplicity provides, increasing our responsiveness to the current challenging market conditionsâ.
There is increasing take up of direct portfolio offerings in the market with the availability of advanced technology provided by specialists such as Financial Simplicity. âClients love the fact that they can talk to the portfolio manager directly should they need to, rather than be blocked by layers of administrationâ said Reilly.
Stuart Holdsworth from Financial Simplicity says âWe are delighted to have Vivid Financial as a new client and are very impressed with the refinement of their operating model which allows them to scale their business without the need for increased staff numbers. This is industry leading best practice in operation, and is another endorsement of the Managed Investments 2.0TM business model, a model where advisory groups can operate tailored portfolios in a scalable fashion with fixed resources, yet outsource the incremental administration challenge to specialist providersâ.
Managed Investments 2.0TM is the term that has been coined to describe the increasing number of practices that are operating managed portfolio businesses on top of platforms, rather than the distribution of products from behind platforms.