Twenty7tec has partnered with EV to give over 2,500 advisers access to EV’s Attitude to Risk Questionnaire (ATRQ) via the Twenty7tec adviser platform.
This integration has made EV’s risk suitability functionality available within Twenty7tec’s platform via an API.
The API delivers EV’s customer journey and calculation engine, allowing for easy access and secure data sharing to avoid rekeying client information.
EV’s ATRQ includes various psychometric, behavioural and knowledge-based questions to provide a detailed understanding of a client’s risk profile.
Its descriptions tool sims to support deeper conversations with clients about investment risk, helping advisers fulfil the consumer understanding outcome of the Financial Conduct Authority’s (FCA’s) Consumer Duty.
Future integration plans during 2024 and 2025 will also see EVPro available at a later stage.
EVPro is an easy-to-use planning solution that covers the whole advice journey, from understanding the client’s goals and assessing their risk profile to selecting suitable investments, carrying out cash flow modelling, stress testing the plan, and reviewing the overall plan.
James Tucker, CEO at Twenty7tec, said: “We are committed to delivering the best financial advice solutions to advisers.
“By combining our proprietary technology with market-leading third-party providers, we can support advisers in delivering exceptional client outcomes faster and more efficiently.
“With this latest integration, we are adding EV’s proven risk suitability functionality at no additional cost to our platform, offering advisers a powerful ATQR process that helps meet their Consumer Duty responsibilities.”
Gary Wheeler, chief commercial officer at EV, said: “EV is a market leader in risk profiling functionality combining suitability with planning to ensure consumer outcomes are aligned and optimised, ensuring risk is at the heart of all the planning created.
“Our extensive experience in delivering API-powered customer journeys means we can quickly and easily create integrated solutions, building on existing technology to further expand our footprint among advisers.
“This is the first step in a long-term partnership with Twenty7tec, and we look forward to working together to help adviser firms develop stronger, more efficient processes that support better client engagement and outcomes while meeting the regulator’s demands.”
