This risk suitability tool has been integrated with Twenty7Tec’s platform using an application programming interface (API) to enable a smooth journey for the customer, secure data sharing and avoid the need for rekeying information.

The risk questionnaire includes psychometric, behavioural and knowledge-based questions to provide an in-depth understanding of a client’s risk profile.

Illustrations are designed to support advisers in their conversations with clients around investment risk and help ensure that they are meeting the FCA’s consumer duty requirements.

Twenty7Tec is also planning to add EVPro to its platform sometime in 2024 or 2025 to provide a solution for the whole financial planning journey.

Twenty7Tec chief executive James Tucker says: “We are committed to delivering the best financial advice solutions to advisers.

“By combining our proprietary technology with market-leading third-party providers, we can support advisers in delivering exceptional client outcomes faster and more efficiently.

“With this latest integration, we are adding EV’s proven risk suitability functionality at no additional cost to our platform, offering advisers a powerful attitude to risk questionnaire process that helps meet their consumer duty responsibilities.”

EV chief commercial officer Gary Wheeler says: “This is the first step in a long-term partnership with Twenty7tec, and we look forward to working together to help adviser firms develop stronger, more efficient processes that support better client engagement and outcomes while meeting the regulator’s demands.”