PlanPlus Inc. and Covirt Inc. announced an agreement today to integrate the popular VirtGate wealth management software with the PlanPlus Web Advisor financial planning tool.

Both firms are exhibiting together at the 2006 Insurance and Investments Convention in Montreal where they will be demonstrating the integrated solution.

Tim Fitzpatrick, president of CoVirt said “PlanPlus has made enormous inroads in their field not only in the Canadian market, but in the international market. For us at CoVirt, making this service free to all users of VirtGate is a continuation of our broker to client relationship features. The bottom line is if tools are provided so that the Broker sells more, then everyone wins. VirtGate MGAs will quickly see this is yet another reason why they win with VirtGate.”

The agreement covers both the technical integration of the two solutions as well as licences CoVirt to provide the basic level of PlanPlus Web Advisor to all existing users of the VirtGate Distribution Management System.

A single-signon link from VirtGate will provide a secure link to launch Web Advisor, as well as to transfer the basic customer data so advisors will not need to re-key information. Users will have the additional option of upgrading on a subscription basis to the more complete levels of Web Advisor – Bronze, Silver or Gold Level – where they have access to more advanced features.

At this higher level of access VirtGate will also pass any insurance policy information into Web Advisor speeding up the planning process.

Both Web Advisor and VirtGate are fully bilingual offerings.

“PlanPlus is very excited by this arrangement with CoVirt”, said Shawn Brayman, President of PlanPlus Inc. “VirtGate is the market leader in distribution management systems for MGAs, so this is a great opportunity for PlanPlus to gain increased exposure in the insurance market. This type of integration will allow insurance oriented reps to make advice a more central part of their services.”