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Exchange launches Synaptic Smart Search

The Exchange has launched Synaptic Smart Search, a research tool that gives financial advisers the information they need to provide advice to clients.

Smart Search has been specifically designed to provide uncomplicated, fast and accurate product focused research from all the major providers in the intermediary marketplace.

The data is presented in a simple tabular format and can be filtered using a maximum of five product features to meet specific client requirements.

Results can then be stored under the clients file within Exweb, increasing levels of compliance, and product summary reports can be produced to support the advice process.

The product data is monitored and updated monthly to ensure accuracy and reliability.

Smart Search covers life assurance, critical illness, income protection, retirement planning, house purchase, investments and offshore investments.

Advisers can either pay 3 per product research report produced, or a monthly fee of 7 for unlimited use of each individual product category.

For firms subscribing to all three protection categories the price will be discounted to 15 per month.

Smart Search replaces and improves the product databank research services previously available on Exweb and further develops the Research, Quote & Buy feature recently launched on the portal.

Existing users of the product databanks service will automatically have access to Smart Search.

Smart Search is exclusively available via Exweb and represents a customised version of Synaptics full research software, product manager.

For both additional product and unrivalled client focused research, product manager offers the opportunity to select unlimited product features from a comprehensive listing, combined with extensive ranking criteria, including past fund performance and financial strength, a detailed audit trail and fast, accurate suitability reporting.

The launch of Smart Search forms part of the strategic alliance formed by The Exchange and Synaptic Systems earlier this year that saw the integration of market leading research, quotation and new business services to provide intermediaries with integrated technology service that reflect their business process.

David Child, managing director at The Exchange, says: “We are continually endeavouring to ensure that Exweb can provide a complete one-stop-shop for all a financial advisers technology services.

“The introduction of Smart Search on Exweb will provide an easy to use and cost-effective research solution complementing our core product offering.”

Selwyn Herring, chief executive at Synaptic, says: “As part of the working partnership with The Exchange, Synaptic has developed an additional research solution to provide users with freedom of choice when it comes to choosing the product to best suit their business.

“Smart Search ensures that Synaptic remains a pivotal component of the business process for financial advisers, with a range of solutions from basic through to detailed product data requirements.”


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