The platform will recommend MF schemes based on client’s goals to advisers.
I-Can Financial Solutions has launched an investment advisory platform called ‘Multi-MF Platform’ through which an IFA can recommend mutual fund schemes on the basis of his client’s goals and risk assessment. Unlike other platforms which facilitate only transaction, the I-Can Multi-MF platform claims to provide online solutions for various financial goals such as retirement planning, wealth education, child education, buy a home or buy a car.
Based on details given by IFAs, the platform can generate risk profiling, asset allocation, portfolio building and product recommendations. Also, the advisor can frequently customize the portfolio of his/her clients. Very soon, the platform will offer other facilities like investments, redemptions or switching.
I-Can states that their research team will not only recommend suitable products but also provide other necessary financial planning inputs such as how much to invest, tenures of investments, shortlisting of products etc. Also, it will provide regular periodic review of portfolios.
Umesh Shukla, Executive Director of I-Can, says, “This was the need of the hour as advisors, with a choice of almost 1,500 products, struggle to match them with investors’ financial goals. It is important that simple tools are provided to them.”
Rajeev Singh, Chief Operating Officer, I-Can, told Cafemutual that the platform would help advisers to save time and money since it provides complete research of mutual funds products. He further says, “Based on assessment of goals of the clients, we will recommend best suited mutual fund products to their clients with the help of our research team.”
To enable this service, advisers need to empanel with I-Can Financial Solutions through the website www.icanindia.com and pay annual fees depending on geographical locations of advisers.
