National Australia Bank (NAB) has implemented Dynamic Planner, a leading web based financial planning tool from Distribution Technology, as part of its new depolarised distribution strategy.
The NAB Group utilises a network of 460 bank branches located throughout the UK through Clydesdale Bank and Yorkshire Bank. Clydesdale Bank has 226 branches and Yorkshire Bank has 234 branches.
Under the initial implementation 60 of NAB’s independent and multi-tied advisers will use Dynamic Planner to carry out holistic needs analysis, product selection and client report creation across a range of investments, protection and retirement products. Dynamic Planner’s asset allocation, stochastic forecasting and portfolio construction modules have also been deployed to enable advisers to construct long term investment plans for their clients.
Dynamic Planner was rapidly configured to support NAB’s depolarised processes, compliance regime and product range. It has also been integrated into their selected back office system.
Ben Goss, Managing Director of Distribution Technology said, “We are delighted to have been selected by National Australia Bank. This implementation emphasises our credentials as the leading provider of web based financial planning tools in the UK and highlights the strength that Dynamic Planner has in a point of sale environment”.
Mike Clifford, Programme Director for National Australia Bank said, “We selected Dynamic Planner as part of a lengthy and rigorous selection process. Dynamic Planner stood out as the easiest Holistic tool to use for our advisers and best fit for our sales process. We have been impressed with the Distribution Technology implementation team, their responsiveness to our requirements as a bank meant we were able to meet our aggressive timescales with a best-of-breed solution tailored to our needs. We are delighted with the outcome.”
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