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Prospera's ad-hoc modelling service

Financial Modelling Service

For individuals or financial professionals who do not want to commit to a subscription and/or learn the software.

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

The service includes:

  1. Provision of a client Fact Find document for population and return by the individual or adviser.
  2. Development of up to four cashflow forecast scenarios, based on different parameters and objectives, for inclusion in a scenario comparison report.  
  3. Consultations with an expert Prospera financial modeller regarding the scenarios developed. The adviser then uses the scenario comparison report to discuss the preferred financial strategy with their client.
  4. A reasonable number of iterations of the preferred plan (as well as development of one or two stress-test scenarios) and the “implementation” of the plan once finalised.  This takes the form of the chosen financial cashflow model.

How it works

See how Prospera's financial modelling service can work for you

Fact Find

Fact Find

Prospera provides a data collection document for the individual or finance professional to complete.

Scenario Modelling

Scenario Modelling

Prospera develops 3 to 4 financial strategies for comparison with each other and the client’s base case.

Consultation

Consultation

Prospera or the adviser discusses scenarios with the client and makes modifications as required.

Plan Implementation

Plan Implementation

With the implementation of the plan, a detailed financial strategy report is produced for use by the individual or the adviser.

Monthly Plan Tracking

Monthly Plan Tracking

Based on the collection and provision of bank account balances, Prospera updates the client’s financial situation monthly.

strategy comparison sample page
track to plan sample page
track to plan net position sample page

Financial modelling sample pages

Financial Modelling Fees

The cost for this service is by application and based on the client’s demographic. It is generally around $1,000 + GST. Typically advisers charge clients around $3,000 + GST for the process and inclusion of the final model in an SOA (if required).

Plan Tracking

There are significant benefits in tracking the client’s plan once implemented. Producing Track to Plan reports requires the capture of a number of monthly figures from the client’s bank accounts and investment portfolios.

Advisers that offer plan tracking maintain regular contact with their clients and assume a trusted position. They are able to make changes to the implemented strategy as circumstances dictate and can develop an ongoing fee-for-service revenue stream.  They are also well positioned to sell additional products to these clients and typically experience less client “churn”.

Prospera can also provide monthly plan tracking services based on the individual or adviser collecting the required financial information.  The fee for this service (which includes update of the client’s data and production of a monthly Track-to-Plan report) is by application but is generally around $120 + GST per month.