iFactFind and global financial planning technology company Voyant have integrated their advice solutions to enhance connectivity and drive business efficiencies.
Namely, the integration of iFactFind’s digital fact find function, alongside Voyant’s financial planning tool, AdviserGo, will eliminate the need for manual re-entering of data, therefore minimising tasks and reducing the risk of errors.
According to the two firms, it delivers a more accurate, holistic view of clients’ financial health, goals, and prospects.
Paul Moran, co-founder of iFactFind, clarified that this will involve the full integration of all data in the fact find required for comprehensive modelling – family, employment, and assets.
“Liabilities, goals, insurances, etc will all pass seamlessly through to Voyant so the core model will appear immediately after the fact find is synced,” Dr Moran told ifa.
He further explained that the pre-meeting – or “mini fact find” – will initially sync so that a client’s core details will appear in time for some preliminary modelling and initial client discussions.
In a group statement made on Wednesday, Dr Moran added that the partnership with Voyant was driven by adviser demand.
“We have worked closely with Voyant to integrate our solutions for advisers,” he said.
“The integration enables one click instant modelling, based on our mini fact find, and once a comprehensive fact find has been completed and/or updated, advisers can conduct more extensive modelling. This can form the basis of insightful and robust client discussions. It also speeds up the delivery of advice, facilitates more efficient meetings.”
iFactFind currently integrates with Xplan, Worksorted, Fin635, and now Voyant, with Dr Moran confirming that Midwinter, Practify, and AdviserLogic are also in the cards.
Calendly and Zapier are also a part of its integration suite.
Meanwhile, in the UK, Voyant is the largest financial planning software provider and also has a large presence in Canada.
Since entering the Australian market in 2021, the tech giant has completed a number of integrations, signalling the US-headquartered group’s intention to continue expanding in Australia.
Stephen Browne, vice-president of business development for Australia and Europe at Voyant, said collaboration for the benefit of advisers and their clients is a large part of the group’s strategy.
“We are an API-first company, meaning we strongly believe in the connectivity of systems,” Mr Browne said.
“AdviserGo is an API-first product, making it relatively simple and inexpensive to integrate AdviserGo with other API systems like iFactFind to share data, improve processes, and foster more dynamic client discussions and meetings.
“We’ve spent the last couple of years learning about the Australian market, listening to advisers, and understanding their needs and pain points, and developing our system for Australian users,” Mr Browne added.
“Australia is a very important market for Voyant and relationships with innovative groups like iFactFind are extremely valuable and exciting.”
Dash is cheaper and prefills the SoA while integrating with xplan