Lonsec to launch financial advice tool
Lonsec is preparing to launch a quantitative tool set to help financial advisers and dealer groups analyse the characteristics of managed products they use, as well as dealer group approved product lists.
The tools will allow financial advisers to build, create and analyse a series of managed funds over a specific time period using a number of charts, according to Lonsec national client relationship manager Chris Schroder.
Speaking at Lonsec's annual roadshow, Schroder said the tool would be focused on creating data that could be placed in a Statement of Advice.
Lonsec will stage a number of versions of the tool over the coming 12 months based on feedback from planners.
Lonsec will also make the raw data available so financial advisers can do further analysis on their own.
They will also provide information explaining what the charts display for the end investor, as well as information about risk characteristics to compare funds.
The research house will look to launch the first version of the tools in late March or early April.
The tools will initially be complementary, but Lonsec will assess them as part of their subscription policy and subscribers may be charged for their use, Schroder said.
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