Avelo, the UK's leading provider of technology solutions to the financial services market, is launching a one stop wealth management solution, Wealth Optimiser.
Wealth Optimiser allows advisers to view total assets, review and rebalance portfolio holdings and model a variety of financial planning scenarios, all conveniently accessed from one location. Wealth Optimiser crucially provides a single, consolidated view of all client assets, including legacy products.
Seamlessly integrating with Avelo's Adviser Office, it forms a key component in holistic financial planning, enabling swift creation of multiple lifetime cashflow scenarios that reflect the options and alternatives that advisers might wish to explore with their clients.
Wealth Optimiser also offers a variety of market leading and unique features enabling advisers to:
- Help their clients really understand their wealth planning needs
- Develop strategies to optimise clients' wealth and meet their planning goals
- Ensure their clients' portfolios match their planning needs and demonstrate the impact of choices to the client
Wealth Optimiser allows advisers to compare up to five scenarios simultaneously and also to view different aspects of the same scenario, for example income and outgoings compared to net worth. It also delivers the ability to model specific capital events and/or asset acquisition as part of the overall financial plan. This can be done either in defined groups or independently as targeted objectives.
Paul Yates, Strategy and Business Development Director at Avelo, said: "Wealth Optimiser represents a breakthrough product for advisers who want an easy way to rebalance their client portfolios, and work in partnership with clients to model potential outcomes based on differing scenarios".
"In a post RDR world, Wealth Optimiser will help advisers to ease the transition to a fee based service by detailing all of the work undertaken and demonstrate the value they can add to their clients' financial well-being. Equally, transparency and reporting will become vital for clients, withth Wealth Optimiser able to deliver reports that add real value to the service provided."