Wealth management technology firm IntelliFlo said it has reached an agreement with Investec Wealth & Investment, which means that assets which are held with Investec “off platform” will now be incorporated in the valuations and portfolio analysis generated by IntelliFlo’s Intelligent Office service.

The new agreement expands the number of product providers integrating valuations to Intelligent Office to 34, the firm said.

The need to receive data electronically and provide consolidated valuations and reports, a key cost-saving development, has become crucial in the wake of the UK’s Retail Distribution Review programme of reforms to financial advice, IntelliFlo said.

IntelliFlo was established in 2004