PROFIDA, a leading financial needs analysis (FNA) system, now allows advisers to automatically download policy information from First National Insurance via the Astute platform.

This new integration adds First National Insurance to the existing Consolidated Client Portfolio facility on Astute, enabling advisers to seamlessly import policy data into their financial needs analysis process. First National Insurance joins other providers already available on Astute, including ABSA Life, Allan Gray, Assupol, Bidvest Life, Discovery Life & Invest, Hollard Life, INN8, Liberty Life, Metropolitan Life, Momentum Life & Wealth, Nedbank Insurance, Old Mutual Life & Unit Trusts, PPS, Stanlib, Sanlam, and Sanlam Collective Investments.

Previously, advisers had to request First National Insurance policy data via fax or email and manually upload it to PROFIDA. The new Astute download facility simplifies this process, allowing portfolio information to be retrieved in just a few clicks.

Daniel Putra, managing director of PROFIDA, explains:

“We continuously work to extend PROFIDA’s capability to download policy data from new content providers and product ranges as soon as they become available on Astute. This enhances the value advisers derive from PROFIDA by enabling seamless access and integration of data across the financial services industry.”

With just two clicks, data is displayed on customizable portfolio schedules, tailored to the adviser’s needs. PROFIDA offers four portfolio schedule templates, each adjustable in terms of components, text, and signature lines, available in both Afrikaans and English.

The downloaded information is automatically processed for financial planning, reducing the time required to compile plans and allowing advisers to focus on strategies that optimize the client’s portfolio. PROFIDA calculates financial needs for retirement, disability, severe illness, and death by analyzing client income, expenses, assets, and liabilities. A simultaneous calculation compares these needs with available insurance cover, displaying either a shortfall or surplus — forming the basis for actionable advice on covering gaps or investing surpluses for wealth creation.

Putra adds:

“This professional approach removes the need to ask clients how much cover or income they believe is necessary in life-changing events. Rather than relying on estimates, advisers equipped with PROFIDA can provide accurate, data-driven guidance.”