IFA technology firm Voyant UK has launched a crash simulator within its Voyant Adviser platform designed to give advisers the ability to examine a client’s capacity for loss.
The Voyant Loss Capacity Simulator also provides advisers with a client’s average annual percentage return and the average annual percentage return needed after a simulated major crash event for the plan to complete successfully.
The firm says the simulator is the first of its kind available in the UK and that it will support an accurate measurement of a client’s attitude towards risk.
Voyant UK vice president Bob Freeman says: “The new tool is a simple to use but very powerful service. Advisers can enter a simulated market downturn event, similar to recent market events and see the effects visually on a client’s portfolio.”