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The Paraplanners review of Dynamic Planner’s new cashflow tool

10 November 2020

Outsourced paraplanning firm The Paraplanners has conducted an independent review of Dynamic Planner’s new cashflow system, declaring that it “stands out from some other cashflow systems”.

Colin Stewart, the at-retirement planning specialist for The Paraplanners, conducted the review of the recently launched system, using his experience of working with a range of cashflow planning tools, and focussing on the system from a ‘new user’ perspective.

To test the tool, the review created a test case for a client transitioning from work into retirement and decumulation, although it was pointed out that the tool is designed to work across planning needs, such as the accumulation phase or to invest for a specific purpose.

The review was conducted independently with no input from Dynamic Planner.

The 34-page report covers off five areas pertinent to the use and functionality of the tool and includes an example financial plan for a fictitious client demonstrating the cashflow output. The sections are:

  • The user experience and building a cash flow
  • Analysis
  • The report
  • How we’d use the tool
  • Integrations

Commenting on the conclusion of the review, Richard Allum, managing director of The Paraplanners said: “There is an increasing need for stochastic cashflow modelling in financial planning, and it’s become a vital part of decumulation planning. Of the tools we have seen, Dynamic Planner Cashflow is the easiest to navigate and use. It is highly customisable but remains simple at the same time.

Allum said the tool included sufficient detail “to get the message across without overwhelming the client. It will help conversations rather than hinder.”

He added: Dynamic Planner Cashflow stands out from some other cashflow systems… we’re looking forward to using it.”

Ben Goss, CEO, Dynamic Planner said: “Paraplanners are an indispensable, critical part of advice firms, and cashflow planning is a crucial tool that paraplanners call on every day to carry out financial planning duties for their clients.

“We know that paraplanners will want to ensure that their cashflow service of choice is powerful and accurate whilst ensuring suitability – having this independent review from The Paraplanners team gives them objective insight and understanding about what Dynamic Planner can offer them.”

The Paraplanners Paraplanner Perspective: Dynamic Planner Cash flow can be downloaded here

 

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