Cavendish IT Solutions launches 'holistic' advice tool

Unlike existing stochastic modelling tools, the new system is billed as taking a holistic approach to financial planning. It can be accessed by advisers and clients alike, and takes into account the latter's income and expenditure, aspirations and needs. Using click-and-drop icons, clients can make their own financial predictions based upon lifestyle changes, such as altered career circumstances. It will also offer social networking capabilities, giving client's the opportunity to message their advisers online. Cavendish is aiming for a UK launch in mid-to-late October, under licence fro...