Financial Planning and cashflow modelling software provider Voyant has partnered with behavioural finance firm Oxford Risk to integrate their products.

The integration will be released in the third quarter of this year.

It will allow the movement of data between Oxford Risk’s suitability assessments and Voyant’s lifetime cashflow planning tools. This will reduce double-keying and re-keying for advisers using both systems.

Voyant says that the partnership will provide a better end-to-end planning experience for wealth managers and financial advisers.

James Pereira-Stubbs, chief client officer at Oxford Risk said the partnership, “ties together two unique propositions, giving financial advisers and wealth managers a ‘best in breed’ solution.”

Voyant was founded in 2008 and provides Financial Planning and client digital engagement tools to advisers and companies in the UK, Canada, Ireland and the US.

It was acquired by US wealth management fintech AssetMark Financial Holdings in 2021 in a £104m deal.

Voyant’s Financial Planning software is used by over 4,000 firms and 9,000 advisers.

Oxford Risk was founded in 2002 by science academics from Oxford University. It works mainly with UK Financial Planners.

In November 2023, Oxford Risk published a white paper that argued Financial Planners and advisers needed to improve their approach to retirement income suitability.

In the white paper, the behavioural finance specialists argued that retirees’ financial personalities are typically ignored by Financial Planners but can have a substantive impact on assessments of risk capacity.