Asendium announces partnership with regtech firm

The partnership will see Fourth Line integrate platforms and allow Asendium customers to receive same-day risk and compliance reviews as part of their delivery.

“Asendium is focused on using technology to transform the advice landscape, and how advice is delivered to clients," Asendium chief executive Scott Miller said.

“Through our platform we remove vast amounts of manual work and ultimately simplify and optimise the advice creation process.

“Through our Fourth Line partnership we are pleased to be able to offer risk and compliance reviews to all our clients’ advice as part of their document preparation, which will be of particular benefit to small or emerging practices and IFAs. This means our clients can create advice documents faster than ever before, but with the robustness expected of leading advice firms, and consumers.”

The new integration aims to increase efficiency with both Asendium and Fourth Line’s systems and will see advice steps including fact finds and strategy papers delivered in a matter of hours and at a cheaper cost.

“Asendium removes all paraplanning costs, which on average cost advisers $500 per client. This means every adviser can have their documents reviewed before going to the client, and it will cost less than their current model,” Mr Miller said.

“Finding ways to be more efficient is clearly a significant objective for advisers in the face of spiralling costs, but ensuring their advice is compliant remains critical.

“Fourth Line can provide that security for Asendium customers.”

The news comes after Asendium was announced as a partner of the upcoming ifa Future Forum in October.

To find out more and details on how to register, click here.

Neil Griffiths

Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily.

Neil is also the host of the ifa show podcast.