IFA shares 'Monte Carlo' cashflow model secrets

Epoch Wealth Management says its in-house Epoch Foresight tool - which can be seen in a video below - manages uncertainty for clients - the culmination of five years of work. Monte Carlo methods are used to model phenomena with significant uncertainty in inputs, such as the calculation of risk in business. James Smith, partner at Epoch says: "Many clients have a clear plan for death, often going to endless lengths to achieve domestic balance; using attorneys, trusts, wills and so forth. "Surprisingly, clients rarely plan for life and how to get the most out of it. Those that do eit...