Novia, the UK wrap platform provider, has entered a tie-up with US-based Voyant to give Novia users access to the data gathering, analytical and reporting tools offered by Voyant’s financial planning system.

The tie-up with Voyant will give Novia users access to tools including key life-stage analysis; simulations and illustrations of “what if” scenarios; real time analysis of current investments; and projected cash flows.

Advisors wishing make use of Voyant’s software will be able to select the same asset allocations that Novia provides in its planning tools. This, the firms said, will give consistency of economic assumptions between the illustrations generated via Novia and those determining projected cash flows and assets within the Voyant system.

“The Voyant planning tool allows the advisor’s client to understand their lifetime financial needs, goals and aspirations better. It has tried and tested applications that provide charts showing cash flow, assets, expenses, debts and net worth that can be used to engage the client and get commitment. By being able to select the same growth assumptions as used in the Novia tools, advisors can get consistency when progressing to implement their investment recommendations on the Novia wrap,” said Bill Vasilieff, chief executive of Novia.

As a further enticement, advisors using Novia will be able to access Voyant’s financial planning system at a 40 per cent discount.