A BOURNEMOUTH tech advice business has announced the launch of a new “sophisticated” web-based practice management solution for financial advisers. 

Twenty7tec has launched FINPLAN Wealth as part of a “significant” investment to improveits offering with an array of new features and functionality. 

It comes at a time when those in financial services are readjusting their work to meet the Financial Conduct Authority’s latest Consumer Duty and acts as a best practice tool advisers can use anytime, anywhere to meet regulatory requirements.  

FINPLAN Wealth offers third-party integrations with EValue, FE Analytics, FE Fundfeed and Origo.  

It’s also integrated with Twenty7tec’s Velocity platform, which supports advisers in searching and applying for mortgages, and Communicate, its digital marketing platform. 

Communicate enables advice businesses to drive inbound leads and manage outbound communication to existing customers and prospects across multiple channels. 

Twenty7tec currently services more than 1,000 financial advisers. Existing FINPLAN users will be migrated to the new solution imminently. 

New customers will move straight onto FINPLAN Wealth when onboarded.  

James Tucker, chief executive of Twenty7tec, said: “It is our ambition to deliver a complete end-to-end proposition covering all aspects of financial advice, and this launch is the next stage in our continuous evolution.  

“Advisers are tired of overpaying for technology that integrates poorly and delivers limited efficiencies - we aim to show them that it is possible to provide deeply integrated technology that delivers meaningful efficiency at a price that makes sense for their business.”