Genovo: Iress Open Standard Integration

[melanie.meadwell]

Integration overview

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 do 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 overview
• Integration summary

Integration summary

Genovo is a highly customisable and easy-to-use online suitability report writing app for financial planners & paraplanners who want to provide their clients with a more reader-friendly & engaging report.

Software type: Advice

Locale: UK

Contact details for integrator: support@genovo.co.uk

Website for integrator: https://www.genovo.co.uk/

Description provided by the integrator:

Genovo is packed full of features designed to save you time, keep you compliant and enhance your brand. Here are just a few of its key benefits:

Timesaving - Provides the perfect balance of personalised input and time-saving automation, with dynamic content generation to reflect the options selected – meaning reports can be easily created in minutes not hours.

Automatic updates - Kept bang up-to-date with taxation, legislation and FCA best practice.

Reader-friendly report - Clear and plain language and a conventional but punchy format ensures the report is engaging and easy for clients to understand.

Highly customisable - Change the look and feel of the user interface, and personalise your workspace and the entire report template to reflect your advice service and processes, as well as your company’s branding.

Comprehensive solution - Write suitability reports or MiFID II-friendly annual review reports for private, corporate and trustee clients covering an extensive range of financial products and advice scenarios.

Truly scalable - Designed for companies of all sizes from individual advisers and paraplanners to multi-adviser companies and multi-company groups. With the Genovo Company Plan you can share custom content, templates, investments and providers, and set up workgroups so your paraplanners and advisers can work together on the same report.

What will the integration allow you to do? Once activated, the integration will allow you to:

- Seamlessly pull client data from XPlan into Genovo.
- Update integrated client data at any time.
- Convert an existing client you've previously saved in the Genovo Client Library into an integrated client, and update their details.
- Pull details of a client's pensions, investments or protection plans and mortgages, as well as their underlying investment holdings into a report with just a couple of clicks.
- Update integrated plan data at any time, for example at the client's next annual review.

 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.

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 has been enabled. 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 this setup guide.