The special credit-crunch ‘bundling bonus’ could reduce technology costs for over 38,000 financial advisers.
From today, the 13,000 adviser users of the Adviser Office (AO) system will qualify for reduced price licenses for the Exweb adviser portal service. Similarly, the 25,000+ existing users of Exweb who are not already using AO will be eligible to receive discounts on their portal licenses, should they decide to use the Adviser Office system.
The current list price of the monthly Exweb license is £14 per registered individual (RI), but under the new ‘bundling bonus’ deal, each Adviser Office licensed user can now take an Exweb site license for £30 per month – which allows the firm up to three times as many Exweb users as they have AO licences.
David Child, managing director of 1st – The Exchange, explains: “Following the successful acquisition and integration of 1st, which we completed earlier this year, we are really pleased to be in a position where we can now share some of the benefits with our loyal users. And with the impact of the credit crunch really hurting many firms, the timing of our bundling deal will hopefully be very welcome indeed.”
