The latest technology news in the wealth management sector from around the world.

P1 Investment Services
UK-based P1 Investment Services has released a new user interface for its PI Platform that is used by advisors and clients.

The new interface comes at a time when, so PI Investment Services says, new players in the market have “speedboat-like qualities” of agility and an edge on traditional financial services providers. The improvement comes almost two years after the UK Consumer Duty package of reforms – requiring wealth managers to prove that they offer clients value for money – took effect.

The platform has added new features including performance charting, graphical representations of portfolio sectors and geographical spread, assets in/out, advisor charts and a dark and light mode.



The platform in "light mode"

“A lot of the legacy narrative that comes out against new platforms talks about low cost not necessarily equating to value for money for clients. It is also said that low costs mean worse support, worse technology and a worse overall experience,” James Priday, CEO at P1 Investment Services, said. “That’s complete rubbish. All the markers show this just isn't true. Newer platforms rank higher on average across all metrics compared to their legacy peers. These arguments are a false narrative to justify higher platform costs.”

P1 Investment Services said advisors will log in and be welcomed by a management information dashboard, showing them AuM growth, weekly advisor charges, assets in/out by type, and recent activity, including details on transfers and payments' status so that they know what’s happening with their clients’ accounts. 

The platform in "dark mode"