eValue FE has launched a cash-flow planning tool aimed at helping advisers demonstrate their value post-RDR.
The Life Planner tool has been launched through FE’s Advisa Centa subsidiary and offers clients the ability to set financial goals and provide fact find information through a risk profiling questionnaire.
Advisers can produce reports which offer clients different options for reducing spending and setting goals and throws up different scenarios clients may face in the future.
Clients are offered the ability to provide fact find information and answer a risk profile questionnaire.
Evalue FE strategy director Bruce Moss says: “Advisers are looking for ways to enhance their service to clients. Lifetime cash flow planning has the potential to add a great deal of value to the advice process but it can be difficult to persuade clients to pay an adequate fee for a service which could deliver a rude awakening.”
Finance and Technology Research Centre director Ian McKenna says: “The tool itself is a good idea but I would like to see greater transparency around how their risk profiling questionnaire works and how advisers meet their obligations under assessing suitability by using it.”