Media Releases / Wealth Management

IRESS, the leading supplier of wealth management, mortgage and financial markets systems, today unveils the latest version of its wealth management and advice solution XPLAN.

As part of a continuous development programme and the second release of four for 2014, XPLAN 2.12 includes extensive new tools designed to support today’s adviser.

XPLAN’s new Estate Planning XTOOL provides advisers with a tool to demonstrate the benefits of a comprehensive financial plan efficiently and cost-effectively. Designed to examine the tax liabilities for estates and utilising all available client data, this feature provides full tax analysis for client or partner, first or second death for any future financial year, and serves to engage the client with more in-depth advice services in the future.

XPLAN’s Engage enables advisers to bring cashflow modelling to life for their clients through interactive displays and the ability to demonstrate alternative scenarios digitally on tablet devices using XPLANtouch. In addition, previously modelled data can be re-used for further modelling, saving time and improving customer interaction.

IRESS has also introduced new analytics capability that provides on-demand historical analysis of a client’s portfolio. The ability to assess a client’s actual investment risk and return at a household, client portfolio and holding level supports the adviser in ensuring that portfolios are managed effectively.

Mark Loosmore, Executive General Manager (Wealth), IRESS, said: “Advisers are now over a year into charging and explaining fees to their clients and one very apparent outcome of RDR is the need for adviser firms to demonstrate value to clients in an ongoing manner. Consequently, more and more firms are seeking to extend the range of services they provide and tools such as those released in XPLAN enable advisers to engage clients with their financial future, while at the same time maintaining operating efficiency and service standards, crucial in the evolving adviser market place.”

About IRESS

IRESS is a leading supplier of innovative technology for financial markets, wealth management and the mortgage industry in the United Kingdom, Australia, Asia, New Zealand, Canada, and South Africa.

All product streams support a diverse range of roles and offer front, middle and back-office functionality for clients that range from financial service institutions through to independent operators.

IRESS is a progressive, service-based organisation that employs over 1340 staff globally, with local knowledge and industry experience.

IRESS strives for excellence in relationships with clients and industry bodies alike. IRESS is client-driven, responsive and promotes a culture that supports working with customers and the industry to face challenges and keep pace with industry developments.

 

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