Asgard Wealth Solutions has struck a deal with Iress Market Technology to provide integrated modelling for its practice management tool, AdviserNetgain.
The three year deal, which was finalised last week, enables Asgard to use the modelling package of Iress's financial planning software, Xplan.
It also means Asgard's current desktop modelling solution, Assirt Desktop, will be phased out.
"Specifically that involves the use of their Xtools and Xtools Plus functionality, which will be replacing our in-house developed modelling software being Assirt Desktop," Asgard head of practice solutions Ed Ho said.
"It will be progressively rolled out from the end of February to our existing clients of both Assirt and AdviserNetgain and our new clients of AdviserNetgain."
Ho said around 1000 users of its Assirt desktop would be transitioned to the new tools through AdviserNetgain.
Asgard's decision to align itself with an external party comes after 12 months of extensive market research and due diligence on the possible modelling capabilities.
"Coming out of that market research and due diligence we've decided to partner with Iress Market Technology, the owners of Xplan, to deliver a new integrated modelling solution for AdviserNetgain," Ho said.
Asgard's partnering with Iress comes less than a week after the listed group's wealth management arm, Iress Wealth Management Solutions, signed Asteron Life to its AppCentral platform.
Asteron Life is the second insurer to join the platform. Zurich Australia and financial planning dealer group Consultum Financial Advisers have also joined the platform.
