The independent investment research company, Morningstar, has launched its web-based investment forecasting and planning tool to product providers in the UK.
Using simulations the Wealth Forecasting Engine forecasts how long a client's money might last based on a mix of investment products, asset types, risk levels, and savings behaviour. Financial providers embed the tool within their own online portals to enable advisers develop personalised investment plans which, says Morningstar, include estimated retirement expenses; projected income shortfall; probability of meeting retirement needs in good, fair, and poor market conditions; and income draw-down analysis. Geoff Balzano, Chief Executive Officer, says the launch is timely in light of ...
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