Brooks Macdonald - Account Opening

[jim.farrell]

Integration overview

We are pleased to share the news that a new third party integration is now available for Xplan users. 

This is a standard integration which means that it was built by the third party to connect to your Xplan site via the standard integration template.  Iress does not charge for this service and it can be enabled by your own site administrator using the Iress Open setting within your Xplan site.

Integration summary

Integration with Iress/xplan will allow IFAs / users to import basic client details removing the need to re-key information.

Software type: Digital Engagement / Advice

Locale(s):  UK

Contact details for integrator: InvestBMSupport@brooksmacdonald.com.

Website for integrator:https://www.investbm.com

Description provided by the integrator:

InvestBM is an intuitive portal for both internal staff, clients and advisers for a complete view of portfolios, performances, clients’ details and digital onboarding.

Benefits

For advisers:

• Streamlined data entry and retrieval processes, reducing administrative workload.
• Automated updates and synchronisation of client information across systems.
• Eliminate the need to rekey data preventing any room for errors.

For investment managers:

• Access to real-time client data to inform investment strategies and decisions.
• Ability to analyse trends and patterns in client portfolios for better asset allocation.
• Eliminate the need to rekey data preventing any room for errors.

For clients:

• Clear visibility into how their data is used and managed.
• Speedier account opening
• Regular updates and reports on portfolio performance and financial planning.

Setup instructions

Integrations are a connecting doorway between two systems and you will need to enable these from both the Iress Xplan and the Third Party integrator side before they can be used.

IMPORTANT NOTE - This integration is not currently available for self enablement but is available for early adopters - please contact Brooks Macdonald in the first instance

In Xplan: 

This integration follows the Standard Integration pattern:

• If you manage your own site: You can enable the integration yourself using this guide. Note that this must be undertaken by your site administrator.   
• If you are part of a network or dealer group: Please refer to your organisation’s support team who will undertake this on your behalf.
• If you outsource your site administration to Iress:  This integration may already have been enabled. Please contact your Iress Account Manager who will be able to confirm or raise the necessary request to progress this on your behalf. Terms and conditions are included in your managed service agreement. For details, see our website under Integrations available via Iress Open (Xplan and Private Wealth).

In your third party integrator software: 

The Third Party has supplied these steps to begin using this integration:

• Login to InvestBM using your credentials. 
• Click on ‘Add a new client’.
• On the new page, click on ‘Import contact’ and select IRESS.
• Enter your IRESS login details and if prompted, allow access. 
• Your IRESS account is now linked with InvestBM.
• To pull the client data, return to InvestBM and click on ‘Clients list’.
• You can now search for the client and select the profile.