If the answer is yes, then help is at hand.
The team at Palladium Solutions have significant
experience in developing and marketing bespoke
products and have been involved with a company
that has advised high profile companies at an institutional
level in this important area. We have experience
working with different institutions, and bringing
together the different services and products they
offer to create and package bespoke solutions and
products. The types of product could include anything
from bespoke investment products to tax planning
packages.
We are able to help your business, whether you
are for example an IFA with no Product Development
resources, or a large life office with a full Product
Development Department in place.
In the example where you do not have a product
development Department, a very simplified example
of what may be required could be as follows:
- Meet to discuss the proposed new product
- Palladium Solutions to do appropriate research
and analysis to find out the viability of
the product.
- If viable work on appropriate initial product
specification.
- Once the planned specification is agreed,
Palladium Solutions will review the appropriate
suppliers
and product providers (could include
investment banks, life offices, administrators…)
to find the most suitable suppliers for the
product.
- Negotiate terms with the various institutions.
- Put the product together. This involves
bringing together all relevant institutions and
legal
and compliance etc.
- Prepare Marketing material for product
- Arrange product launch including PR etc
- Arrange distribution of the product
- Hopefully reap the rewards of the product
On the other hand,
if you are a business that already has a Product
development department, you may
want to outsource everything to Palladium
Solutions as
you do not have enough resources, or more likely,
you may want Palladium Solutions to look after
certain aspects of the project for you.
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