How is Openmarkets Advice different?
Openmarkets Advice is different advice tools because it:
- uses stochastic modelling rather than deterministic modelling
- uses portfolio optimisation rather than risk profiling
- combines these two features, stochastic modelling and portfolio optimisation, in a goals-based, holistic modelling tool
- engages the client through simple demonstration of complex concepts and allows the client and adviser together to work together to finalise a financial plan and investment strategy
- is easily and highly configurable, so it can model what you want to show to your clients
- can be used as a lead generation advice tool or to deliver limited or scaled advice to clients efficently
What are the benefits of this?
- Better client outcomes
- More client engagement
- Improved compliance with Best Interest Duty
- Lower cost of advice
- Lead generation