FundsLibrary delivers unique Income Forecaster to Ascentric

Fund data solutions provider FundsLibrary has developed a new and unique online Income Forecaster service for IFAs, Platforms, Wealth Managers and more. The first live user of the service is award winning Wrap Platform Ascentric whose advisers can now create an estimated income schedule, allowing for a level of detailed monthly planning that was never before possible. The tool can also create an income projection for model portfolios meaning that advisers can assist their customers in building the perfect portfolio of investments to achieve their income targets.

FundsLibrary powers the exceptional functionality that Ascentric’s registered users currently enjoy, including web-tools that build, analyse and x-ray customer investment portfolios. Now, by adding the Income Forecaster to their adviser Fund Research Centre, Ascentric has further enhanced their proposition to advisers and the ways in which they can assist their investment clients.

How does it work?

The Income Forecaster accesses FundsLibrary’s yield data to apply an income value against each individual investment within a client portfolio. It then applies calculations based on the value of each investment. Using this information it projects a graphical representation of the income distribution across a twelve month period, based on existing yield and distribution data. This shows the amount paid out based on the individual investment value, and also the month in which the income is paid. A separate graph allows advisers to flex monthly withdrawal amounts giving their clients an indication of how much they can drawdown each month.

The Income Forecaster also displays an at-a-glance summary of the headline figures that clients need to know, including the highest and lowest monthly income and the average monthly value. Ultimately, it is the way in which the tool simplifies a complex area of investing for all users that provides the greatest benefit.

In delivering the project, FundsLibrary’s team worked very closely with Ascentric to ensure that all project goals and deadlines were met. Jon Taylor, Managing Director at Ascentric, commented: “As a client focused business, it’s always great to work with other like-minded organisations. FundsLibrary’s willingness to work so collaboratively has allowed us to deliver a solution that makes a real difference to our clients.”

In adopting FundsLibrary’s technology, serial innovator Ascentric has once again demonstrated a commitment to investing in cutting edge technology in a move which also reflects their dedication to empowering advisors with the right tools to satisfy their investor clients’ requirements.