Cloud-based fintech and back office provider Intelliflo has stuck a deal with fellow fintech Estgro to add estate planning to its adviser-focused offering.

Estgro estate planning services will be added to Intelliflo which is used by many UK advisers and those overseas.

Intelliflo says the deal will allow financial advisers to provide better generational wealth planning.

The integration combines financial and legal services to bring together several elements of estate and inheritance planning.

Estgro’s tool pulls in client data and applies features like its “Estate Health Check” to help with Financial Planning. Intelliflo says this allows advisers to more easily provide, “tailored recommendations for wealth transfer and inheritance tax strategies.”

Advisers are then able to refer clients digitally to their preferred legal suppliers or select from Estgro’s accredited network.

Richard Wake, Intelliflo chief customer officer, UK, said: “By bridging financial and legal services, we enable advisers to deliver holistic financial advice."

Estgro’s aim is to integrate estate planning into every Financial Planning conversation. It says its tool allows advisers to generate legal documents and facilitates early engagement with clients’ beneficiaries.

Dave Newick, co-founder and CEO of Estgro, said: “Establishing the right estate structure is crucial for minimising tax and ensuring loved ones inherit the maximum possible.

“With the Great Wealth Transfer seeing £5.5 trillion set to pass between generations over the next 30 years, advisers must act now to protect significant assets.”

Estgro is part of the Arken Group and has 30 years of experience in estate planning and inheritance management. It has 7,000 users globally.