Canada Life International and software company Intelliflo iO have joined forces to launch online valuation access for international open architecture bonds.
CLI announced that it has partnered with specialist online software provider Intelliflo to launch what it believes is the first online fund valuation access for open architecture international bonds in the marketplace.
The new online offering will provide advisers using Intelliflo’s Intelligent Office (iO) with the ability to review the value of the bonds 24 hours a day, helping them to easily track their clients’ portfolios’ most up to date valuations.
After going live successfully on 13 June, CLI said that it has already observed “significant demand” for the new valuation system identifying 685 firms using iO, which have clients with an international bond, and could benefit from the new offering.
Sean Christian, pictured left, executive director for Canada Life’s international businesses, said: “This contract enquiry development is the first of its kind for these products, and I’m proud that CLI is at the forefront of technological developments in the sector.
“It is hugely important that providers fully leverage technology that supports positive outcomes for advisers and their customers, as doing so will help forge strong relationships.
“There has been strong demand for the new service since its launch in June, and we have identified nearly 700 firms on the Intelliflo system who are well placed to benefit from its services.
“We are actively working to roll a similar offering across other practice management systems whose adviser-users would benefit from real-time valuations.”
Canada Life is part of a group of companies controlled by Great-West Lifeco Inc., a diversified financial services holding company headquartered in Winnipeg, Canada. Through its subsidiary companies, Lifeco has operations in Canada, the United States, and Europe.