Crucial to the discovery and analysis of client needs is a tool suite that is powerful and illustrative. Designed for use by advisers as marketing weapons, the suite of Xtools is also invaluable in explaining concepts graphically and offering value-add to clients.
The design of Xtools places importance on the end user’s experience. The interface is logical, simple and easy-to-use regardless of how complicated calculations are. Attention is placed on results and not the interface itself.
To the adviser, Xtools offers rich functionality and benefits including:
- illustrative charts
- optimisable input values
- scenario-based projections
- storage of all client scenarios for integration with financial plans in Microsoft® Word or Powerpoint
- time saved on repetitive daily calculations.
To the dealer group, Xtools offers the technology to maintain default asset classes, investment profiles and asset class based return assumptions centrally.
Monte Carlo Simulation Techniques
XPLAN Technology has employed simulation techniques in Xtools to help assess how uncertain variables such as inflation, salary inflation, investment return, and life expectancy, affect investment projections.
Simulation allows you to more than analyse a best, worst and average scenario; it offers numerous (thousands) iterations with slightly differing values for each uncertain variable giving a statistical sampling of your projection output.
Such a statistical sampling provides an understanding of the likelihood of achieving specified financial objectives.
Localised Content
Xtools provides advisers with sophisticated cashflow tools specifically catering for local content.
Australian Content
The Australian tool suite currently incorporates tools that address the following areas:
| Investment |
Investment profile analysis, education funding, negative gearing |
| Debt |
Illustrations and consolidation |
| Retirement |
Retirement funding, RBL analysis, allocated pensions |
| Taxation |
Income tax estimates, ETP lump sum taxation |
Legislative Variables
Calculations performed by Xtools are based on legislative assumptions such as tax and contribution rates. These are updated as required.
Consistent Calculations
By offering a centralised engine for financial planning tools, Xtools brings consistency to the taxation calculations and investment projections presented to the clients across your organisation. Say goodbye to the cost and liability of maintaining in-house spreadsheets!