American Express Financial Services Europe has launched the online tool, Dynamic Planner, on its adviser service wrap platform.
The asset allocation tool allows advisers to construct and refine investment plans for their clients by combining asset allocation, portfolio construction and risk profiling into a single process.
The addition of Dynamic Planner to the platform followed requests from American Express's adviser clients. Director of sales and marketing, Andrea Dean, said: "We put together a committee of four advisers from four different firms and in our first meeting with them in June last year, we asked them to look at the research we had done and choose the right tool for the platform, they chose Dynamic Planner."
The online tool creates visual aids and financial plans to help explain to clients all the risks and rewards in terms of asset allocation. The tool also allows changes to investment plans to be made in seconds. Dean said: "Dynamic Planner was chosen for its usability, and its ability to do a good job of taking lifetime goals into account with risk tolerances."
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