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New investment modelling tool launched for SMSFs

Glenis Phillips
By mbrownlee
06 August 2019 — 1 minute read

A software firm has developed an investment planning tool for SMSFs which enables advisers and trustees to create a detailed financial plan and model the impact of different tax and investment strategies over the long term.

Software firm Financial Mappers has developed new modelling software for SMSFs that allows SMSF trustees and advisers to enter strategies for their SMSF and see the calculated outcomes of their plans on the future value of their fund.

The software allows trustees to enter investment choices for all the assets that match the risk and return they want to achieve for each stage of their life. It can be used for both accumulation and retirement phase.

It models cash flows for cash, equities and real estate separately while maintaining account balances for two members. These balances are also tracked according to the concessional and non-concessional contributions.

Financial Mappers director Glenis Phillips said it is also able to generate statements of advice and allows the adviser to deliver a plan that has considered all strategies.

Advisers can use it to calculate the additional cost of the superannuation surcharge for high-income earners, calculate how contributions made on behalf of a spouse may benefit a couple, and determine how to best structure a fund where a client has reached the limit of their transfer balance cap.

The software is also able to show when real estate held in the SMSF will need to be sold to fund the retirement drawdown.

“Clients are often emotionally attached to these properties and may be reluctant to sell. Having software which pinpoints when cash flows require the inevitable property sale 30 years before the event may help build trust between the adviser and the client,” Ms Phillips said.

The FPA, she said, has calculated that it takes 26 hours to consult with a client, create a plan and deliver a statement of advice.

“We believe that Financial Mappers Pro will cut the time significantly, thus saving thousands of dollars and wasted hours,” she said.

Miranda Brownlee

Miranda Brownlee

Miranda Brownlee is the deputy editor of SMSF Adviser, which is the leading source of news, strategy and educational content for professionals working in the SMSF sector.

Since joining the team in 2014, Miranda has been responsible for breaking some of the biggest superannuation stories in Australia, and has reported extensively on technical strategy and legislative updates.
Miranda also has broad business and financial services reporting experience, having written for titles including Investor Daily, ifa and Accountants Daily.

You can email Miranda on: miranda.brownlee@momentummedia.com.au


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