PROFIDA incorporates direct link to major bank

PROFIDA, the technology leader in financial needs analysis (FNA) and practice management systems, has announced the completion of its direct interface, which allows authorised financial advisers to import clients’ portfolio data available on the online pl

According to Daniel Putra, MD of the PROFIDA Team,” The advantage of this direct integration is that entire transaction histories can be generated for each investment account. These can be seamlessly processed for the financial needs analysis process, as well as for PROFIDA reports like portfolio schedules and quarterly investment reports.”

The PROFIDA Quarterly Investment Report automatically computes the values, net annual yield (internal rate of return) and growth per quarter, as well as performance, measured in percentage terms, for each investment account.

Another advantage is that the investment portfolio of an entire client base can be imported with just two clicks of the mouse, making monthly investment reporting for the full client base efficiently achievable.

Said Putra: “Investment portfolio data downloaded directly complements policy data, which is automatically downloaded via Astute within PROFIDA. The trend is to minimise manual data input and maximise output during the financial planning process as well as portfolio reporting.
“Previously, policy and investment portfolio data from banks and insurers had to be requested via their websites or email before being manually loaded on to PROFIDA. But the seamless Astute download and direct interface facilities within PROFIDA open the way to retrieve portfolio information with just a few clicks of the mouse.”

PROFIDA is the only FNA system to offer a desktop, web-based and combined solution, setting the pace as a technology leader in the competitive FNA software market. The investment interface to download portfolio information from Allan Gray, Momentum Wealth and others is available within both editions of PROFIDA.

PROFIDA will be exhibiting at the 2013 conference of the Financial Planning Institute (FPI) being held on 11 and 12 June at the Sandton Convention Centre.