Many advisory firms have invested heavily in technology in recent years, yet producing accurate, client-ready reports can still be time-consuming.
Before a report reaches a client, firms often need to gather data from multiple investment platforms, reconcile discrepancies, validate figures and prepare information for review meetings. For many advisers and support teams, this process still involves significant manual effort.
To help address this challenge, Sprint Enterprise Technology and Fintegrate have partnered to create a more connected route from investment platform data to adviser reporting.
Connecting data and reporting
The partnership brings together Sprint Enterprise’s FINIO data hub and Fintegrate’s Footprint reporting software.
FINIO gives advisory firms access to investment platform data through a single, standardised source. Data is reconciled, enriched and delivered in a consistent format across multiple platforms.
That data can then flow directly into Footprint, where it is used to generate client-ready reports, including:
- Performance reporting
- Money-weighted returns
- Transaction histories
- Portfolio valuations
- Cost and charges disclosures
For firms with Consumer Duty obligations, Footprint’s cost and charges disclosures also support the consistent, evidence-based reporting the FCA expects.
The result is a more efficient workflow, reducing the effort required to move from raw investment data to completed client reports.
Addressing two distinct challenges
Gary Shepherd, Business Development Director at Sprint Enterprise Technology, believes the industry often views reporting as a single challenge when there are, in fact, two separate issues to solve.
“For many years, the industry has treated adviser reporting as a single challenge when, in reality, there are two. The first is obtaining accurate, consistent investment data from platforms. The second is turning that data into meaningful information that advisory firms and clients can use and understand.FINIO was built to address the data challenge. Footprint was built to address the reporting challenge. By bringing the two together, firms can benefit from a connected workflow that reduces manual effort while improving the quality and consistency of reporting.”
The partnership also reflects Sprint’s wider mission to support a more open and integrated wealth management industry by enabling the flow of accurate and reliable investment data between systems.
Giving advisers more time to focus on clients
Gurdit Singh, CEO and Founder of Fintegrate, sees the benefits from an adviser’s perspective.
“I’ve worked as a financial adviser, and I know exactly how much time can be lost between a client’s portfolio and a client-ready report. Reconciling data, checking figures and building reports can take advisers away from the work that matters most.
Connecting Footprint with FINIO removes much of that effort. Firms benefit from accurate investment data and compliant reporting through a more streamlined process.”
As advisory firms continue to seek greater efficiency and stronger data foundations, partnerships between specialist technology providers can help reduce operational complexity and improve the quality of information delivered to both advisers and clients.
If your firm is still spending time manually gathering data and building reports ahead of client reviews, Footprint can help. Find out more at fintegrate.co.uk or request a demo to see it in action.
