Advisers reveal their favourite cashflow tools

Cashflow modelling tools are increasingly popular, but what are our star profile firms using?

We have ranked the most used cashflow modelling tools by 16 of the advice firms profiled by New Model Adviser® in 2018 so far...

We have ranked the most used cashflow modelling tools by 16 of the advice firms profiled by New Model Adviser® in 2018 so far...

Voyant's cashflow modelling tools are a favourite of advisers; seven out of 16 profiled advice firms use it. 

These firms were: Holden & Partners, ML Financial Associates, Hanbury Wealth, Engage, Holland Hahn & Wills, Devonshire Wealth Management and Punter Southall Financial Management.

Devonshire Wealth Management managing director Martin Cawley (pictured) said of the tool: ‘It gives clients a lot of peace of mind and comfort. That is as important as anything else we do.’

Niche IFA director Ray Adams (pictured) also launched a cashflow tool named CashCalc , which has more than 8,000 registered users and comes second in our star profile rankings. Three out of the 16 firms use the software. 

These firms were: Future Asset Management, Money Honey and Essendon Financial Planning. 

Two of the 16 firms use either an internal cashflow model or none at all. 

These were: SWC Independent and Punter Southall Financial Management. 

Prestwood's Truth software also has two users from our recently profiled firms.

These firms are: Adroit Financial Planning and Planet 3 Wealth. 

One advice firm, Wealth Design, uses Now:Plan for cashflow modelling. This is offered by Focus Solutions, which has been owned by Standard Life since 2011. 

 

Epoch Wealth Managmenet partner Jon Rolfe (pictured) helped launch cashflow modelling offering i4C

He said: ‘It has never been more important for financial planners to demonstrate the impact of their advice. i4C provides the opportunity for financial planners to redefine, build and develop long-term meaningful relationships to help meet their clients’ objectives.' 

One of our star profile firms, Mulberry Bow, is using it. 

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