View the article online at http://citywire.co.uk/new-model-adviser/article/a649296
Iress launches cashflow planning tool
on Jan 08, 2013 at 13:58
Technology provider Iress has launched a cashflow planning tool called XTOOLS+.
The new product is a strategy-based modelling tool, which aims to help advisers analyse financial planning scenarios for individual clients, partners, and trusts, and model a range of strategies.
The program will provide analysis of client objectives, assets in the face of tax changes over a given timeframe.
XTOOLS+ will sit on Iress’ XPLAN platform alongside financial planning tools, portfolio management services, and a compliance oversight function.
Mark Loosmore, Iress business development director, said due to the retail distribution review (RDR) advisers could use cashflow planning to demonstrate their value to clients.
‘The RDR has brought clear focus on advisers to demonstrate the value of advice and their services,’ he said. ‘Many advisers are responding by producing planning services that explore the range of potential financial strategies open to their clients.’
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