Advisers have warned that while cashflow modelling has become a core part of the financial planning process, overreliance on it could risk turning advice into a “tick-box exercise”.
From niche to client expectation In recent years, cashflow planning has moved from being a "niche" feature to more of a "client expectation", according to Connor Broadley Chartered financial planner Dan McKissock. Speaking to Professional Adviser, McKissock said it is "reassuring" that cashflow planning has shifted from being niche to something clients expect as a matter of routine, but there is a "danger" to it becoming "a tick-box exercise". Around 86% of financial advisers use cashflow modelling, BNY Investments research has suggested. Gatland Wealth Management principal Kevin...
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