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About Us

Offering sophisticated easy-to-use financial modelling software since 2014

Prospera

Founded in 2014, Prospera was developed to address a gap in the service offerings of financial planners and other financial advice professionals.

There existed no commercially-available comprehensive financial modelling tool that enabled financial advice professionals to:

  • Model wealth creation and risk mitigation financial strategies for clients right through to retirement, and demonstrate the potential retirement lifestyle delivered by the strategy
  • Easily model multiple financial strategy scenarios, engage “what if” analysis, and present the different outcomes to their clients
  • Track progress against the chosen strategy on an ongoing regular basis – and clearly indicate progress against the strategy and enable informed decision-making as changing circumstances dictate.

Prospera is a sophisticated but easy-to-use financial modelling tool that addresses this gap in the toolkit of financial advice professionals. It takes a lifetime view of financial investment decisions and incorporates:

  • Taxation and tax-deductibility regulations
  • Superannuation regulations
  • Financial features of different investment entities (such as private companies and trusts)
  • Income-splitting opportunities
  • Adverse health and earnings protection strategies
  • Lifestyle goals
  • Retirement requirements.

Prospera Products

Prospera

Prospera is the fully functional version of the software that enables modelling of all types of asset, debt, revenue and expense classes. Ideal for financial advisors who view the provision of fee-for-service strategic financial planning as a core line of business.

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Recycle My Debt (RMD)

RMD is a scaled down version of Prospera and an excellent entry-level product to strategic financial planning. Like Prospera, it enables advisers to model detailed cashflow forecasts throughout their clients’ working lives and into retirement.

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Financial Modelling

Prospera offers an ad-hoc modelling service that is suitable for individuals, or for financial professionals with insufficient client demand to justify an ongoing software subscription.

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Prospera Benefits

Prospera supports a fee-for-service business model enabling financial advisors to sell their financial advice. It offers three revenue generation opportunities for financial advice professionals: up-front fees, ongoing fees, and product fees.

Revenue Generation

Advisers can earn up-front fees working with clients to develop alternative investment strategies and to examine “what if” scenarios relating to changes in lifestyle, employment and investments. They can demonstrate the long-term financial outcomes of various strategies, and charge ongoing fees for tracking to plan.

Software Features

Prospera is cloud-based subscription software featuring a powerful calculation engine. The software is updated regularly to reflect tax and superannuation legislative changes. Prospera can model unlimited financial strategies based on different variables and assumptions, and enables real-time remodelling. The software creates easy-to-understand reports including monthly reports for tracking to plan.

Client Retention

Prospera detailed reports demonstrate the overall wealth creation benefits of an implemented financial strategy. Clients who can see the outcomes of their adviser’s strategic advice are more likely to remain clients and are more likely to purchase financial products from their adviser.