28 January 2020: Dynamic Planner’s multi-million pound Elements upgrade programme is on track to deliver one system covering all financial planning needs for a firm. It includes; risk profiling and reviews, whole of market product, platform and DFM research, alongside independent investment research and an upgraded cash flow module. Firms will no longer need to rekey data between multiple planning tools and run the risk of miscalibration between them. Dynamic Planner will continue to have a single, independent, definition of risk at its heart.

A revolutionary new approach to cash flow planning is being unveiled at today’s conference and will be launched later in the year which is both powerful and easy-to-use. The new cash flow module is a ground up re-build of Dynamic Planner’s existing cash flow module which was the first web-based lifetime cash flow tool to be launched in the UK. It is risk-based and with powerful enhancements to the existing model that will enable firms to robustly address suitability and the particular risks around investments in decumulation.

Independent, PROD-based product, platform and DFM research is in development and will also be launched later this year. Dynamic Planner already enables firms to complete whole of market investment research for both accumulation and decumulation and to manage panels, centralised propositions and portfolios. This new research capability will ensure that firms are able to review product feature and charge suitability alongside the suitability of underlying investments in a single system. The Dynamic Planner team are already engaged with providers across the market to ensure that the new research capability supports independent, whole of market advisers as well as restricted firms.

Ben Goss CEO of Dynamic Planner said:

“Our multi-million pound Elements upgrade programme announced at last year’s conference is on track to deliver one system for advice firms, covering their financial planning needs. The first major deliverable, our MiFID II compliant client review process has been fantastically well received and is being used by firms across the industry to generate thousands of reviews each month. These reviews now include portfolio performance analysis against the MSCI Dynamic Planner risk-based, regulated benchmarks. We have upgraded our risk profiling process into Elements and the next major delivery will be a revolutionary new cash flow planning tool which is both powerful and easy-to-use. We are also working on product, platform and DFM research which will complement our existing investment research offer. Firms no longer want to re-key data from one financial planning tool to another with all the time and risk of miscalibration this brings. We are investing in our service to ensure firms no longer have to and can access best-in-class financial planning technology with a single definition of risk at its heart.”

Ben Goss added:

“Our integration programme continues in parallel and alongside the deepening of our integration with Intelliflo I am pleased to announce we are now mid-way through our integration with Iress XPlan. Dynamic Planner already has integrations with 360.net, Plum, Toolbox as well as proprietary back offices.”

For more information, book a demo with one of our team.