Ascentric has forged a link with Prestwood Professional software to enable Financial Planners to receive bulk valuations for all Ascentric clients.

Prestwood Professional was created by Paul Etheridge, founder and former president of the Institute of Financial Planning, in 1984 and is one of the leading adviser tools on the market.

The software incorporates cashflow modelling tools to help clients achieve goals and objectives and record clients assets, policies, investments and liabilities.

Clients’ future cashflow and expenditure can then be projected including accurate income tax, national insurance and inheritance tax calculations.

Dominic Ventham, head of marketing at Ascentric, said: “Integrating with one of the leading Financial Planning adviser tools will enable advisers to have up to date client records and a consolidated view of their client holdings when planning.

“This will be a valuable addition to the Ascentric proposition extending the range of planning tools on the platform.”

Mr Etheridge said: “We are delighted to join with Ascentric. The link will provide significant benefits to advisers and will be especially valuable for those who are ‘raising their game’ to enjoy the benefits that will follow implementation of the RDR.”

Other tools already available on the Ascentric platform include the FinaMetrica risk profiling system and portfolio management system Morningstar Adviser Workstation.