Steve Andrews: How to pick the right cashflow modeller

Cash-flow planning or modelling tools are becoming an integral part of the financial planning process for many advisers. It enables them to show clients where they stand financially and it helps to demonstrate the effects of long-term actions and decisions taken today and projected into the future. The demand from advisers for sophisticated tools has brought a number of innovative products into the market, but opinions are still somewhat divided when it comes to the priorities and the benefits of using a cash-flow modelling tool. 'Perceived leap' While, for many advisers, the too...