The new cash flow module will offer a ‘ground up’ re-build of Dynamic Planner’s existing cash flow module.
The revamped tool joins an increasingly crowded cash flow modelling sector with competition from the likes of Prestwood’s Truth system, Voyant, CashCalc and others.
The new tool is part of a multi-million pound ‘Elements’ upgrade to deliver one system covering all of a firm’s Financial Planning needs.
The new services were unveiled at the firm’s annual confernce this week.
Once the upgrade is completed Dynamic Planner’s service will include: risk profiling and reviews, whole of market product, platform and DFM research, independent investment research and an upgraded cash flow module.
Dynamic Planner says firms will no longer need to re-key data between multiple planning tools and run the risk of ‘miscalibration’ between them.
The new cash flow module is risk-based and with enhancements to the existing model will enable firms to robustly address suitability and the risks around investments in decumulation, says the firm.
Independent, PROD-based product, platform and DFM research is in development and will also be launched later this year.
A new research capability will ensure that firms are able to review product feature and charge suitability alongside the suitability of underlying investments in a single system.
Ben Goss, chief executive of Dynamic Planner, said “We have upgraded our risk profiling process into Elements and the next major delivery will be a revolutionary new cash flow planning tool which is both powerful and easy-to-use.
“Our integration programme continues in parallel and alongside the deepening of our integration with Intelliflo I am pleased to announce we are now mid-way through our integration with Iress XPlan. Dynamic Planner already has integrations with 360.net, Plum, Toolbox as well as proprietary back offices.”
Dynamic Planner provides an end-to-end, risk-based Financial Planning system - combining Financial Planning technology with an independent asset risk model.