The solution will look to maximise its clients' profits.

UK-based Ascot Lloyd, the independently-owned wealth management firm, has launched a cashflow modelling solution to enable a more complete analysis of clients’ financial circumstances in a bid to maximise outcomes.

The new solution will collate information on a client’s financial life, which it overlays with advanced assumptions mapping the UK’s legal and tax structure, projected inflation rates, interest rates and investment returns, the firm said in a statement.

This process will support advisors in creating a comprehensive financial plan and it will advance the process of identifying and managing potential income shortfalls.
 
The financial assumptions underpinning Ascot Lloyd’s analysis will be reviewed on a quarterly basis by the firm’s advice policy committee, which is an experienced panel of senior management personnel and financial advisors. The system will enable advisors to conduct a vast range of  what-If scenario tests to ensure clients’ finances are protected against unwelcome eventualities and whether goals are met or exceeded.

“Cashflow modelling will bolster our advisors’ arsenal with powerful analytics tools that enhance the financial planning journey," said ​Jade Connolly, head of advice. "This technology will make it easier for our advisors to complete comprehensive assessments of their clients’ financial lives, with greater capacity for refining the analysis they conduct across a range of variables to improve outcomes. Our Advice Policy Committee will review the assumptions underlying the technology on a regular basis to ensure they are relevant, accurate and current. Feedback from our advisors’ experiences will be invaluable. Some of our advisors already use cashflow modelling to great effect, but rolling it out across the business will make it easier for them to tap into our collective expertise to the benefit of clients.”