Exchange Holdings is joining forces with Anglo-Dutch IT company Computer Management Group to provide IFAs with a one-stop shop.
Exchange's financial product quotation system eXweb is linking up with CMG's back office system Professional Independent Adviser and Consultor.
The partnership is aiming to provide advisers with a “seamless system” to offer life and pensions quotes to customers and carry out transactions online.
IFAs need two separate processes to perform quotation searches and purchase transactions at present.
CMG head of group communications Tony Richards says: “The alliance will lead to the elimination of the need for data re-entry so it reduces the margin for error too.”