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Kymin launches robo-advice tool

Kymin Financial Services has launched a robo-advice service for clients with between £1,000 and £5,000 to invest.

The Newport-based firm now offers Kymin Direct, an automated online investment service via Intelliflo’s Intelligent Office (iO) Personal Finance Portal (PFP). The service, says Kymin, is competitively priced and targeted at ISA and GIA savings. Clients do not interact face-to-face with the team of advisers unless they request it.

Users of the service are guided through an online process to determine their risk appetite. They are  then offered an appropriate investment portfolio supplied by SEI Asset Management.

Other fund providers with portfolios available for selection via the Intelliflo service include 7IM, Architas, Legal & General Investment Management, Standard Life Investments and Vanguard.

The risk profiling tools have been developed in partnership with Oxford Risk, experts in the field of risk and analysis.

Managing Director at Kymin Robin Hall said: “The government’s FAMR review last year highlighted the gap in easy-access investment routes for people with relatively modest sums of money to invest. We wanted to do something to address this and Intelliflo’s Automated Advice offers the perfect solution.”

“We believe this service will complement our existing offering by delivering instant investment options without the need for face-to-face advice yet with the comfort of knowing that fully qualified advisers are just a click away should they be required.”

Executive Chairman at Intelliflo’s Nick Eatock said: “I’m delighted that Kymin has chosen Intelliflo’s system to run their Direct offering. The service has been designed to open up access to the much-discussed robo-advice market in a way that puts – and keeps – advisers at the centre of the process.”

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