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Web tool aids planning

Adviser technology firm Distribution Technology is offering an internet-based financial planning tool for IFAs.

Distribution Technology was set up two weeks ago by former mPower managing director Ben Goss and IT consultants Patrick Fitzgerald and Adrian Hall.

Advisers can access the software by logging on to a secure website rather than loading it from a disk. It can be used to design individual plans for clients by mapping their cashflows, investments, retirements, protection products and mortgages.

It includes asset allocation, stochastic forecasting and lifetime cashflow planning and will eventually hook up to advisers&#39 back-office systems to automatically adjust clients&#39 portfolios.

The tool was developed after researching similar systems in the US and Australia and with input from external specialists like Bloomsbury Financial Planning director Campbell Edgar.

Managing director Goss says: “Financial planning tools have played a critical role in supporting the delivery of advice in the US, Canada and Australia as those markets move to a lower margin and more competitive environment.”


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