Existing users of both can now open a client account on the Fundment platform from CashCalc.

Fundment claimed that this was the first connection of its type between a cashflow tool and a platform.

Advisers can use CashCalc to digitally onboard a client and conduct their Financial Planning, then use the ‘invest’ tab to open a Fundment account for their client. The client is then added as a lead in the adviser’s Fundment platform with their details from CashCalc automatically populated.

The fintech firms said they were keen to ease adviser frustrations with technology integrations between providers, which can mean advisers having to re-key client data multiple times.

The firms are also currently developing further integrations via open API data sharing. An API is a form of software interface which allows multiple IT systems to talk to one another without the need for human intervention.

Integrations being developed include importing transactional history from Fundment into CashCalc to make the annual review process more efficient.

Fundment is an investment platform for advisers which offers a full range of wrappers, reporting and multi-asset funds.

CashCalc provides online Financial Planning tools for advisers. The firm was set up by Chartered Financial Planner Ray Adams, chairman of Niche IFA, in South Wales, in 2014.

CashCalc was sold to FE Fundinfo last year but continues to be offered as a stand-alone product.