UpTick provides an integrated online ecosystem of tools and services for Independent Financial Adviser (IFA) that dramatically improve the world of financial planning by:
- Improving quality of service
- Reduces drammaticaly various cost burden
- Streamlines & develop a business
Recent regulatory changes in the financial advisory industry are fundamentally changing how IFA will conduct their businesses and how savers will approach financial planning.
The Retail Distribution Review (RDR) legislation in the UK, and 'Dodd Frank' in the US, increases transparency of fees charged to savers and mandates fee guidelines for advisors. The commission-based structure has been replaced with an hourly fee-based model.
The mandates increase savers cost awareness and condense the cost of advice to an initial lump sum payment, reducing revenue and putting significant pressure on an IFA’s business model.
With Uptick IFA can take control over their business and clients future efficiently