Cashflow modeeling provider FinCalc has added a two-way integration with admin and client database tool Wealthcraft by Morningstar.
The integration allows advisers using both tools to synchronise client information, with data transferred automatically between the platforms.
Updates made in either system can be reflected across both platforms, which FinCalc claims supports consistency and more efficient adviser workflows.
FinCalc has also mapped key planning data into custom fields within Wealthcraft to reduce manual intervention and enabling information to flow more easily between the two systems.
Alex Takacs, product manager for advice software at Morningstar Wealth, said: “Advice firms increasingly expect the technology they use to work together effectively.
“This integration connects Wealthcraft’s client management capabilities with FinCalc’s cashflow modelling tools, helping advisers reduce manual administration and maintain more consistent client information. Ultimately, that means firms can spend more time supporting clients and less time moving data between systems.”
Wealthcraft is a practice management platform including client database management, report building, remuneration management and portfolio valuations. It is part of the Office 365 cloud platform and was formerly known as Premium.
FinCalc provides Financial Planning tools, including cashflow modelling and DB transfer analysis software, to UK financial advisers. It was created by O&M Pension Solutions.