Easily increase revenue and efficiency with CATALYST®
The Catalyst platform
We have distilled our combined experiences into a comprehensive behind-the-scenes web-based platform designed to take the strain out of a professional introducer relationship.
Catalyst can help financial planning firms develop integrated commercial relationships and increase the overall financial services revenue. We know the potential pitfalls; Catalyst includes the compliance functionality allowing professional services firms to navigate the choppy waters of regulation when making client introductions between a professional connection and a financial planning firm. We understand the regulation requirements that need to be followed when making client introductions.
Our solution for financial planning firms will help you optimise your relationships with professional connections. And for your connections to provide their clients with access to a wider range of valuable services from your firm.
Catalyst can help you unlock the regulatory door when working with professional services firms.
How Catalyst Works
1. Professional connection
- Typically a Solicitor, Accountant or any other introducer to your firm.
2. Financial planning firm
- Your business will be receiving good quality client introductions
3. Financial planning firm and advisor Notified
- Online referral received by financial planning firm for the adviser to make contact with the introduced client
4. Client disclosure & consent letters
- When a client introduction is made by the professional connection, an automated pre-populated client consent letter is produced for the professional connection.
- This letter explains their relationship with the financial planning firm and provides a client consent for the referral to proceed.
5. Updated client case notes
- Both professional connection and financial planner can add client notes so that both parties are updated on their client’s progress immediately.
6. Management reporting on all introductions
- Catalyst displays all introductions made with results for the professional connections and the financial planning firm.
7. Compliance audit trail & records
- Compliant audit trail of all client consent letters, produced by Catalyst for the professional connection firm.
- When the initial client introduction is made.
- If there is a fee-sharing arrangement in place, Catalyst produces these too for the professional connection firm for their client to consent.
8. Document sharing
- Both professional connection and financial planner can share client documents/reports securely.
9. Powerpoint presentations
- We will provide you with Powerpoint presentations to help you get your professional connections on board with Cataylst
System Benefits For Professional Connections
- Widen your client service proposition by offering complementary financial services via your chosen financial planners.
- Remove the regulatory risk and management downtime of in-house financial services, revenue and compliance.
- Provide a simple process to make client referrals to a selected financial planning firm or a key specialist financial planner.
- Automatically populate your client disclosure letters and communications to comply with your regulatory responsibilities.
- Provides a compliant audit trail of all client consent letters produced by Catalyst.
- Access to real-time management information on all introduced clients.
- Access to the client’s updated notes from the financial planner involved from the point of referral.
- Full current and historic financial reporting.
