Changing the cash flow planning narrative

EVPro Goal has several functions that make it stand out from the cash flow crowd:

• Stress tests - with a click of a button, you can conduct 12,000 robustness checks on your clients’ plans to ensure their minimum standard of living is met.  

• Speedy problem solving - identify when events can happen to meet the probability or how much your client should save to ensure their future is certain, thus saving you time on finding solutions.

• Tax efficiency checks - enables you to change the order in which client assets are withdrawn to see the impact of affordability and tax treatment of assets. 

• No surprises- remove the expectation of certainty that single forecast cash flows create by showing the likelihood that a plan will work, which can be monitored and adjustments for potential future options considered to make it work.

BareRock Example

EVPro Solver looks at individual factors, such as when clients can retire and how much they need to save, and links this to specific client suitability requirements. Furthermore, the system calculates multiple additional stress tests covering factors outside the client’s control, with no extra work for the adviser and within seconds. The system can then offer problem-solving solutions to help advisers resolve clients’ issues more efficiently.

Due to automation and consistency, this reduces PI insurance risk due to reduced errors. Additionally, by highlighting when a client’s retirement plan may be under pressure through stress-testing, firms can warn clients ahead of time, which will reduce complaints when something unforeseen happens.