Key Takeaways
- • GrowthInvest and Iress announced completion of an integration that delivers daily portfolio valuations from the GrowthInvest platform directly into Xplan, Iress's financial planning and practice management software.
- • Advisers using both systems can now see EIS, SEIS, VCT, IHT and private market holdings refreshed daily alongside the rest of a client's portfolio, eliminating rekeying and separate spreadsheets.
- • GrowthInvest consolidates and standardises data from 100s of funds into a single consistent record per client, which the company describes as the enabling factor for a daily Xplan feed.
- • The integration is positioned as addressing the long-standing data problem that has made alternative investments a blind spot in the advice process.
Summary
GrowthInvest and Iress have announced the completion of an integration that pushes daily portfolio valuations from the GrowthInvest platform into Xplan, Iress's financial planning and practice management software. For advisers who use both systems, a client's alternative investments now appear alongside every other asset in Xplan and are updated each day, rather than waiting on quarterly manager statements.
The announcement highlights the data challenge that has constrained alternatives in advice. Valuations arrive from many fund managers in different formats, on different reporting cycles and under different conventions. According to the companies, turning that data into a usable record requires industry knowledge, relationships with fund managers, and technology capable of executing reliably, securely and at scale. GrowthInvest says its platform consolidates and standardises data from 100s of funds into a single, consistent record of each client's holdings, which is then externalised through integrations. That capability is what makes a daily feed into Xplan feasible.
The companies say the integration gives advisers a more complete client picture within existing tools. Specific benefits cited include cashflow modelling that reflects the whole portfolio, review packs that are accurate on the date they are produced, and client records that can withstand scrutiny at annual review. The covered holdings include Enterprise Investment Scheme (EIS), Seed Enterprise Investment Scheme (SEIS), Venture Capital Trust (VCT), inheritance tax (IHT) planning products and private market holdings.
Daniel Rodwell, Chief Executive at GrowthInvest, said advisers now receive the same quality of information on EIS, VCT and private market holdings as on other assets. Aaron Greenhill, Product Manager at Iress, described the expansion of IressNet to include GrowthInvest as another step in Iress's commitment to connected technology for advice firms, noting Xplan's central role in many UK advice firms. The announcement did not disclose financial terms of the integration.
The announcement highlights the data challenge that has constrained alternatives in advice. Valuations arrive from many fund managers in different formats, on different reporting cycles and under different conventions. According to the companies, turning that data into a usable record requires industry knowledge, relationships with fund managers, and technology capable of executing reliably, securely and at scale. GrowthInvest says its platform consolidates and standardises data from 100s of funds into a single, consistent record of each client's holdings, which is then externalised through integrations. That capability is what makes a daily feed into Xplan feasible.
The companies say the integration gives advisers a more complete client picture within existing tools. Specific benefits cited include cashflow modelling that reflects the whole portfolio, review packs that are accurate on the date they are produced, and client records that can withstand scrutiny at annual review. The covered holdings include Enterprise Investment Scheme (EIS), Seed Enterprise Investment Scheme (SEIS), Venture Capital Trust (VCT), inheritance tax (IHT) planning products and private market holdings.
Daniel Rodwell, Chief Executive at GrowthInvest, said advisers now receive the same quality of information on EIS, VCT and private market holdings as on other assets. Aaron Greenhill, Product Manager at Iress, described the expansion of IressNet to include GrowthInvest as another step in Iress's commitment to connected technology for advice firms, noting Xplan's central role in many UK advice firms. The announcement did not disclose financial terms of the integration.
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