Financial advice client engagement software provider AstuteWheel has announced it has integrated with financial planning software platform Xplan, in a move AstuteWheel believes will save advisers considerable time.
AstuteWheel managing director, Hans Egger, says the company decided to integrate with Xplan in response to a call from advisers using both services.
He says that responses to a question in its own survey of advisers who use both companies’ tools found that more than 80 percent wanted the integration.
The company says that the integration uses Roar Software, an integration gateway platform for financial services businesses.
Fact find and reverse fact find data collected via AstuteWheel’s client-friendly online questionnaires is exported through Roar to populate Xplan. Clients already setup in Xplan can be exported to AstuteWheel ready for reviews.
“The integration eliminates the double-handling of data, thereby saving time and reducing the margin for human error,” Egger says.
It also allows advisers to use the company’s tools and calculators live with the client “…leading to greater practice efficiencies and cost savings. The financial plan is then created in Xplan in the usual way”.
Egger estimates that the integration saves advisers between 60 and 90 minutes in onboarding a new client into Xplan and about 40 to 60 minutes in executing reviews for existing clients, each time the adviser conducts a review.
“The integration with Xplan further enables this client-friendly journey, while also creating a compliance trail via a seamless back-office process,” he says.
