Aimed at the corporate distributor and bancassurance market, this solution offers a range of wealth management tools for improved cash flow planning, asset allocation, risk-profiling, portfolio-modelling and estate planning. To create the product, Tillinghast’s stochastic planning tool, eValue, has been integrated within Focus’ Point of Sale solution, MCA (Multi-Channel Advice). This enables advice to be delivered across the whole range of a client's assets, taking all of their lifetime objectives into account.
By using the tool, advisers are able to carry out full holistic Fact Find and customer needs analysis reports, encompassing all of the relevant protection, retirement and investment products. The results appear as part of the suitability report, graphically enhancing the overall presentation to the client.
It also provides advisers with more opportunities to up and cross-sell financial products in a simple and straight forward manner.
Bruce Moss, principal at Tillinghast, commented: "In this new post “A Day” environment the use of financial planning tools will dramatically increase. Through the introduction of new technologies, such as our joint solution with Focus, financial planning tools will help to change the role of today’s adviser. We are delighted that Tillinghast has been selected to be part of this ground breaking solution, which we believe will deliver significant additional value to the market."
David Brooks, business development director, Focus Solutions, added: “Working with Tillinghast will enable us to extend our portfolio to create an innovative financial planning solution. Working together, we aim to help improve the financial planning and customer acquisition processes, both online and offline, through the use of new mediums and technologies for a wide range of clients.”
