Burns-Anderson picks The Exchange portal service

Burns-Anderson has chosen portal services supplier The Exchange to manage its new multi-tie proposition.

Burns-Anderson is launching its multi-tie operation from Exweb, which offers quotation and electronic business submission services, already embedded in the business process of the majority of IFAs.

The multi-tie will be available to Burns-Andersons appointed representatives as well as directly authorised IFAs. AXA, Friends Provident, Legal & General, Scottish Equitable and Standard Life are confirmed panel members.

Mike Hughes, chief executive at Burns-Anderson, says: “The Exchange team clearly understood that we wanted an original multi-tie proposition to appeal to existing network members and attract a calibre of adviser. Many of our network members fully embrace technology as a business driver so we chose the most robust solution in the market to power our multi-tie”.

David Child, managing director at The Exchange, adds: “Burns-Andersons desire to provide an innovative technology-led solution means their advisers and provider panel will benefit from significant efficiencies. These arrangements once again demonstrate the value our trading platform can deliver to multi-tie businesses, making the most of the opportunities presented by depolarisation.”