PRESS RELEASE: PRESTWOOD AND INTELLIFLO STRENGTHEN PARTNERSHIP
Prestwood, leader of lifelong cashflow modelling, has strengthened its partnership with Intelliflo and its Intelligent OfficeTM business management system. Clients using Truth® will be able to share comprehensive planning data via an app available now in the iO StoreTM.
2-way integration means financial planners using Intelligent OfficeTM and Truth® can be confident that any data entered will be consistent across all applications, no matter where changes are made. They will be able to use cashflow modelling for all clients, and produce new cashflows in minutes. Double-entry will be a thing of the past.
Prestwood’s Truth® is acknowledged by many planners as best-of-breed and its retirement planning solutions are ground-breaking. Ritchie Walton, Managing Director of Prestwood Software said:
“I am delighted that we have been able to strengthen our partnership with Intelliflo. We have both long agreed that providers should work in partnership with each other to offer the best solutions for financial planners in the UK. Our focus has always been on making life easier for financial planners – providing simple, yet powerful cashflow modelling tools that are essential, in our view, for providing sound advice.”
Intelliflo’s Intelligent OfficeTM software is the business management system of choice for 2,425 financial advice firms, with over 22,700 users with assets under advice of £395 billion. Its aim is to streamline business functions and create efficiencies for advisers that support business growth.
Nick Eatock, Executive Chairman at Intelliflo said:
“We are delighted that Prestwood is making its product available via the iO StoreTM. It highlights how effective our Open API is in creating opportunities for advisers to access valuable resources seamlessly within Intelligent Office.”
The growing need for financial planners to provide more consistent, transparent and streamlined advice processes responds to the changes recently witnessed by the industry, including the introduction of MiFID II requirements.
Used as an interactive tool, Truth® enables financial planners to adjust clients’ future objectives in real-time, while also providing the opportunity to create unlimited scenarios, overlaying them to make it easier for clients and planner to understand the impact that choosing one solution over the other, may have on their lives.
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