Intrinsic is to roll out Iress’ Xplan tools across its network after reaching a deal with the technology specialist.
The firm uses Iress’ tools including Tri-Gold and The Exchange, and will now begin a phased roll-out of Xplan to its 3,300 advisers.
The deal comes weeks after Money Marketing revealed that Sesame is in talks to end a 10 year contract with the technology provider after it ceased to operate as an investment network.
Iress managing director Simon Badley says: “Iress and Intrinsic have a strong relationship, based on a working partnership of some ten years and a close alignment of values. It is tremendously exciting to see this partnership progress to a new phase with the roll out of Xplan to every adviser across the Intrinsic network following the conclusion of a successful pilot scheme across a range of small and large member firms.”
Intrinsic operations director Steve Burke adds: “One of our key goals to support our business growth is to make sure that our technology solution is flexible and can evolve as we do, and Xplan’s offering will be transformational for the business. We’re confident that the solution’s functionality will streamline processes and boost our bottom line, and we are looking forward to continuing our long-term relationship with Iress.”
An Iress spokeswoman was unable to disclose the duration of the Intrinsic deal.