DSP Blackrock launches IFAXpress, biz platform for independent financial advisors

MUMBAI: DSP Blackrock has launched IFAXpress, its business platform for independent financial advisors (IFAs), its distribution partners. This will enable advisors to grow, monitor and manage their business more efficiently by leveraging the power of the internet and technology.

"The platform has been built to help in facilitating transactions, helping in post sales service like account statements, portfolio monitoring and reviews," says Ajit Menon, Executive Vice President, Head - Sales at DSP BlackRock Investment Managers.

IFAXpress allows paperless transactions for any individual as long as he is KYC verified. This makes almost all of over 2 crore KYC verified individuals as prospective clients for advisors. All an advisor requires to onboard a new client is his PAN and date of birth. The products eliminates rejections which are traditionally witnessed in paper transactions where investors have to fill in as many as 17 fields which filling a physical application. The platform alerts IFAs with alerts on pending and rejected transaction of investors.