Developed in-house by GWM, the firm says the tool is the first of its kind.
Taking into account inflation, discounting rates, foreign exchange forecasts and other economic parameters; the automated planner presents clients with options for savings and investments, integration of current assets and post retirement income plans that match their goals.
The tool will be made available to all GWM clients over a spectrum of multi-channel platforms.
One of many tools
The automated financial planner is one of the many tools being launched in Q4 across GWM’s suite of wealth management services.
Mike Coady, chief commercial officer at GWM, said: “Over the last decade I have witnessed first-hand financial planning calculations via a very manual process with a set of formulae, unjustified assumptions and outdated statistics.
“A client, however, increasingly expects this information at their fingertips in seconds, both credible and comprehendible.
“This has necessitated the advisers at GWM to reimagine the financial planning process from a client’s perspective.”
