The integration uses Roar Software to export fact find and reverse fact find data collected through AstuteWheel’s questionnaires to Xplan. Clients already set up in Xplan can also be exported to AstuteWheel for reviews.
“Responses to a question on our own survey of advisers who use AstuteWheel and Xplan revealed that over 80% wanted the integration,” said AstuteWheel managing director Hans Egger.
“The integration eliminates the double-handling of data, thereby saving time and reducing the margin for human error. It also allows advisers to use all of AstuteWheel’s Financial planning calculators and tools live with the client quickly and easily, leading to greater practice efficiencies and cost savings.”
The financial plan is then created in Xplan in the usual way.
Mr Egger estimated 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.
“This helps clients better understand the bigger picture around how financial planning can assist them, and the benefits of individual strategies, making it easier for them to make informed decisions,” Mr Egger said.
“The integration with Xplan further enables this client-friendly journey, while also creating a compliance trail via a seamless back office process.”
» Read more about the AstuteWheel Xplan integration.
The Best of Both Worlds: AstuteWheel integrates with Xplan