The requirements of RDR within the financial services sector means that IFAs will need to work more transparently, efficiently and with a view to future long-term profitability of clients. As a result of this, Aviva approached Mubaloo to develop an iPad app that would enable UK financial advisors to reflect on the time spent advising and servicing their clients, and in doing so, ensure the long term sustainability of their business.
Mubaloo has built an iPad app that guides financial advisers through three easy steps to allow them to produce and view a ten year summary of the associated cost to serve and income potential for each of their clients. The summary screen also features a unique modelling capability which allows advisers to dynamically change the income and cost variables for their service proposition on an individual client basis.
The result is an easy to use iPad app that enables financial advisors to model and analyse the servicing costs of their individual client propositions and will help them develop a greater understanding of the long-term sustainability of their business.