Rubik Financial has renewed its contract with financial advice group Morgans, with the group upgrading its use of Coin and taking up Rubik’s client engagement and rapid advice tool Provisio.
Morgans has signed a new three-year contract with Rubik to upgrade to version 4.6 of Coin, which will now be delivered via a hosted arrangement with the software provider, a statement issued by Rubik said.
In addition, Morgans has also adopted Provisio to allow its advisers to cater for both comprehensive and scaled advice, the statement said.
Morgans managing director Brian Sheahan said: “We are confident that our upgrade to Coin version 4.6 will deliver an enhanced usability and efficiency process that will provide superior financial advice to our extensive client base.
“By outsourcing the management and maintenance of Coin to Rubik, we can focus on our strengths and optimise the service we provide to our Morgans’ clients.”
Morgans will also have access to Coin Connect, Rubik’s online web application that provides advisers with access to their existing client database, allowing them to check and modify client portfolio information.
According to the statement, the upgrade of Coin includes an overhaul of its insurance capability, including the “expansion of insurance product research coverage, enhanced premium calculations and validation, improved reporting capabilities and greater search and options”.
Rubik chief executive Iain Dunstan said: “We are able to ensure the timely delivery of upgrades, new features and enhancements — providing Morgans with access to innovative features and functionality as they become available.”