Cashflow modelling tools can help demonstrate the reasons for a recommendation, where the risks are and the value an adviser is adding, writes Adam Higgs, as he highlights some of the key offerings in the market
Whatever your personal view on them may be, cashflow modelling tools are becoming more and more popular. They can be one of the most versatile tools in an adviser's arsenal enabling both adviser and client to visualise and add colour to a financial plan. At its core, a cashflow modelling system will take income, expenditure, assets and liabilities and project this forward to help you understand what the client could have at any point in the future. For many, this may paint a stark picture as the yacht they were planning on buying when they reached 60 might have to be a rowboat. For other...
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