Wesleyan Financial Services, which provides financial advice services tailored to medical, dental and teaching professionals, has selected EVPro to support its 250 advisers in creating and managing suitable client financial plans.
EVPro is an end-to-end financial planning solution from leading financial software provider EV. It covers the complete financial planning journey in one easy-to-use solution, from understanding the client’s goals and assessing their risk profile, to selecting suitable investments, carrying out cash flow modelling, stress testing the plan and reviewing the overall plan. EVPro is based on EV’s proprietary calculation engine, using a consistent definition of risk across all modules to deliver realistic forecasts of client outcomes that can help achieve the Consumer Duty requirement to avoid foreseeable harm.
Wesleyan’s advisers will use three of the five integrated modules within the EV solution in their advice process:
- EVPro Risk delivers a client risk profiling solution, including various psychometric, behavioural and knowledge-based questions.
- EVPro Invest provides a comprehensive analysis of clients’ existing investments, portfolio risk mapping as well as portfolio optimisation and rebalancing.
- EVPro Goal helps create and communicate cash flow plans covering all stages of life, including risk suitability, goal capture, likelihood of achieving goals, cash flow planning and ‘what if’ analysis.
Gregg Schofield, Advice Policy & Governance Manager at Wesleyan, says: “We needed an adviser software solution that combined risk suitability and cashflow planning in one tool and were impressed by EVPro’s integrated modules and intuitive user experience. With all calculations powered by EV’s modelling engine and clear displays identifying risks that might affect the long-term suitability of the plan, we can be confident that our recommendations are aligned with the customer’s needs throughout the process, helping us demonstrate the value of our advice.”
Gary Wheeler, Chief Commercial Officer at EV, comments: “At EV, we are committed to providing solutions that achieve better financial outcomes. Having provided technology solutions to Wesleyan Financial Services for many years via our attitude to risk questionnaires and portfolio assessment tool, we’re pleased to extend this support across the whole financial planning journey. Designed to cover the complete financial planning journey in one end-to-end solution, EVPro helps adviser firms drive efficiencies and improve transparency and clarity within their advice process to boost client engagement to support informed decisions.”
