PreciseFP and Holistiplan link up to smooth advisors’ tax-data trifles

PreciseFP and Holistiplan link up to smooth advisors’ tax-data trifles
The new fintech integration aims to streamline the data collection process for tax planning-focused advisors.
AUG 01, 2024

PreciseFP and Holistiplan, two prominent players in the planning fintech space, have forged an alliance to help ease the notoriously irksome process of tax data collection for financial advisors.

The partnership announced Thursday connects Holistiplan’s tax planning software with PreciseFP’s client engagement and data-gathering platform developed by Docupace.

"Holistiplan and PreciseFP endeavor to make the process of delivering sound financial planning advice simpler, faster and easier," Richard Thoeny, executive vice president of product strategy for PreciseFP said in a statement.

"This new integration and content engagement, plus the strong partnership between the two companies, will go a long way in delivering that vision to the marketplace," Thoeny declared.

The integration allows clients to upload their tax returns securely within PreciseFP, which can then be exported to Holistiplan for analysis. For many advisor users with a tax planning focus, the expected upshot is a significantly more streamlined workflow.

"Integrating Holistiplan with PreciseFP is a game-changer for financial advisors," said Roger Pine, CEO and co-founder of Holistiplan. "This partnership simplifies the tax planning process by allowing seamless data transfer and efficient tax return analysis."

According to PreciseFP, the tie-up addresses a call from a large number of its users who’ve made Holistiplan one of the most-requested integrations for the platform. It also builds on other FP’s other recent link-ups with FP Alpha, GReminders, and Income Lab.

The partnership also builds upon another recent collaboration between Holistiplan and AssetMap, which extended the tax-focused tech platform’s reach to include AssetMap’s user base of US advisors.

"We're thrilled about the new capabilities this integration offers, helping advisors enhance their practice and build stronger client relationships," Pine said.

Since launching in July 2019, Holistiplan has gained over 30,000 subscribers nationwide. There’s little doubt of the value it offers users, having been voted the top tax planning software in several Kitces Report Studies and T3 / Inside Information Software Surveys from 2021 to 2024.

Latest News

Northern Trust names new West Region president for wealth
Northern Trust names new West Region president for wealth

The new regional leader brings nearly 25 years of experience as the firm seeks to tap a complex and evolving market.

Capital Group extends retirement plan services further with a focus on advisors
Capital Group extends retirement plan services further with a focus on advisors

The latest updates to its recordkeeping platform, including a solution originally developed for one large 20,000-advisor client, take aim at the small to medium-sized business space.

Supreme Court slaps down challenge to IRS summons for Coinbase user data
Supreme Court slaps down challenge to IRS summons for Coinbase user data

Crypto investor argues the federal agency's probe, upheld by a federal appeals court, would "strip millions of Americans of meaningful privacy protections."

Houston-based RIA Americana Partners adds $1B+ with former Morgan Stanley director
Houston-based RIA Americana Partners adds $1B+ with former Morgan Stanley director

Meanwhile in Chicago, the wirehouse also lost another $454 million team as a group of defectors moved to Wells Fargo.

Edward Jones to bring overlay management in-house with Natixis deal
Edward Jones to bring overlay management in-house with Natixis deal

The broker-dealer giant's latest acquisition agreement extends its push towards offering enhanced financial planning and investment management.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.