Digital Tools for Financial Advisers
  • 29 Nov, 2023
  • Read Time: 4 minutes

10 Must-Have Digital Tools for Financial Advisers

Must-Have Digital Tools

The UK Financial Advice sector is rapidly embracing digital solutions to meet evolving client needs and industry demands. As a financial adviser, integrating the right digital tools into your practice is essential for staying ahead. This blog highlights 10 must-have digital tools for financial advisers, offering innovative solutions to enhance the service you provide.

1. Fluid: All-in-one Case Management System

Designed to help organise your workflow and achieve maximum case management efficiency, Fluid allows you to track every stage of cases in real time, whenever, wherever.

Key Benefits: Track every stage of a case, access and download all case documents at a click of a button and a complete timeline of every action on every case, making it an indispensable asset for advisers.

2. Voyant Adviser: In-depth Financial Planning

Voyant Adviser stands out for its comprehensive cash flow modelling and financial planning capabilities, offering advisers a detailed view of clients’ financial futures.

Key Benefits: Interactive planning tools that allow advisers to illustrate financial scenarios to clients, including pension drawdowns, property purchases, and investment strategies. It’s particularly adept at visualising complex data, making it easier for clients to understand their financial trajectory.

Cashflow Modelling Service

Plus Group’s Cashflow Modelling Service – Your Partner in Excellence

Imagine having access to top-tier software combined with the guidance of a cashflow expert like Plus Group’s Cashflow John. This service isn’t just about providing tools; it’s about empowering you to use those tools to their fullest potential, ensuring your clients get the best possible advice.

3. FE Analytics: Portfolio Management and Research

FE Analytics provides a wealth of fund data and portfolio analysis tools, essential for informed investment decisions.

Key Benefits: In-depth fund information, including performance, risk metrics, and benchmark comparisons, along with portfolio analysis features that aid in balancing risk and reward according to client profiles.

DocuSign: Digital Document Signing and Management

DocuSign has revolutionised the way financial advisers handle documents, offering a secure and efficient method for electronic signatures and document management.

Key Benefits: DocuSign streamlines the document signing process, essential for swift client onboarding, consent, and agreement handling. It enhances the client experience by reducing the turnaround time for document processing and eliminates the need for physical paperwork. The platform ensures legal compliance with UK standards for electronic signatures and provides a high level of security, ensuring the confidentiality and integrity of sensitive financial documents. Integration with other systems allows for a seamless workflow, making DocuSign a vital tool in the digital toolkit of financial advisers.

5. Microsoft Teams: Secure Virtual Meetings

Microsoft Teams has become a staple in the UK for virtual client meetings, offering a secure and intuitive platform for video conferences.

Key Benefits: Excellent video and audio quality, robust collaboration tools, and seamless integration with the Microsoft Office suite, enhancing both internal and client-facing communications.

6. Xero: Efficient Accounting and Financial Management

Xero has become an essential tool for financial advisers seeking an efficient and user-friendly accounting solution.

Key Benefits: Real-time financial tracking, simplified invoicing and billing, and seamless bank reconciliation. Xero’s intuitive dashboard offers a clear overview of a client’s financial position, aiding advisers in making informed financial recommendations. Its integration capabilities with various financial and business applications make it a versatile tool for comprehensive financial management.

7. SISOMA: Social Media Management Tool

SISOMA simplifies social media management, allowing users to design, create and share thought-provoking, eye-catching and engaging content in just a few clicks.

Key Benefits: Time-saving scheduling tools, easy to create custom designs, a vast library of ready-made content and the ability to manage multiple social media accounts in one place, making it an essential tool for digital marketing.

8. FT Adviser: Tailored Financial News and Analysis

FT Adviser, a dedicated Financial Times segment, provides timely and relevant financial news, market analysis, and expert opinion.

Key Benefits: Access to in-depth financial articles, market trends, and economic insights, keeping advisers informed and able to provide timely, informed advice to clients.

9. SurveyMonkey: Client Feedback and Market Research Tool

SurveyMonkey is a versatile tool for financial advisers seeking to gather client feedback, conduct market research, or gain insights into client needs and preferences.

Key Benefits: SurveyMonkey allows advisers to create custom surveys to collect valuable feedback from clients on their services, satisfaction levels, and areas for improvement. It’s also useful for understanding market trends, gauging interest in new financial products or services, and making data-driven decisions. The platform provides robust analytics to interpret survey results effectively, aiding in tailoring services to better meet client expectations and identifying new market opportunities. For financial advisers, regularly engaging with clients through feedback can deepen relationships and enhance service quality.

10. Microsoft Power BI: Data Visualization and Reporting

Microsoft Power BI transforms complex financial data into understandable and interactive reports and dashboards.

Key Benefits: Customizable data visualisations, real-time analytics, and interactive reporting capabilities, aiding advisers in presenting clear and impactful financial narratives to clients.

As you navigate an increasingly digital landscape, these tools offer the means to enhance service quality, operational efficiency, and client satisfaction. Incorporating these solutions into your practice can result in a significant competitive edge, ensuring you’re equipped to meet the evolving demands of the modern financial world.

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