IRESS launches XPLAN Prime

IRESS says Prime will save advisers "significant time" by enabling the delivery of a simple and automated advice service.

XPLAN Prime produces and documents advice in real-time with the client and provides a single client record and user interface.

IRESS says the service will allow adviser firms to deliver "scalable, objectives-based advice" that accounts for the way each client prefers to seek advice based on their needs and their budget.

Mark Loosmore, general executive manager for wealth at IRESS, said: “Some advised clients simply require goal-based financial planning, regular communication and guided advice, while for others a full holistic advice proposition is more appropriate. Many will require a mix of both approaches at different stages of their life.

“Advisers and financial institutions are seeking greater flexibility in how they can meet the changing needs of their clients. Prime works with XPLAN as one advice platform, so there is no double entry of data. Advisers work with one set of documents, one set of compliance rules and one client file record ensuring consistent and accurate advice at all times. It enables fast, efficient and simple advice generation with an easy to use interface via face to face, telephone or digital engagement with a client. Through Prime, advice firms will be able to serve more clients, more profitably, more efficiently and deliver a more personalised service.”