Wealth manager Saltus has partnered with fintech FinCalc to develop a range of digital tools for its clients and advisers.

The first tool developed is an integrated digital fact find from the Saltus bespoke client portal.

The integration will eliminate the need for additional data entry, enabling transmission of client information directly into Saltus's CRM system, Curo by Time4Advice.

Saltus said it would help streamline the efficiency of its advisers in their client review processes by offering a seamless client journey while minimising the need for extensive data entry.

Jon Macintosh, managing partner of Saltus, said that digitising its onboarding and client reviews is a key component for its strategy to increase the efficiency of its Financial Planning operations.

He said: “Through our partnership with FinCalc, we have been able to build a solution that integrates seamlessly with our in-house technology to avoid the need for re-keying of information by administrators, whilst providing a smoother journey for clients and advisers to achieve the best Financial Planning outcomes.”

FinCalc will also provide an array of Financial Planning tools including cashflow modelling, retirement modelling, inheritance tax planning, and a suite of financial calculators.

Jason Wykes, CEO at FinCalc said: “This partnership with Saltus illustrates how far we have come since launching FinCalc 3 years ago, and we are really excited about it. Our core FinCalc system, alongside custom development work for Saltus, ensures that their advisers have systems that communicate with each other, not only to save valuable time but to provide a smooth client journey.”

Saltus started as an investment management firm in 2004 and launched Saltus Financial Planning in 2015. The Saltus group now employs more than 200 people and completed three acquisitions in 2022 including London Chartered Financial Planning firm Higgins Fairbairn Advisory LLP, Farnham Financial Planning firm Fish Financial and Hertfordshire wealth management firm NSL Wealth. The firm also acquired Lorica in 2020 and Consilia in March 2021.

Private equity firm Preservation Capital Partners (PCP) took a majority stake in Saltus in 2022. PCP specialises in acquiring financial services business and has several investments within the Financial Planning, wealth management and investment sectors. Its holdings include a majority stake in the Parmenion platform which it acquired from Standard Life Aberdeen in March 2021.

FinCalc provides Financial Planning tools, including cashflow modelling and DB transfer analysis software, to UK financial advisers. It was created by O&M Pension Solutions.