Collaboration Brings Better Tax Planning and Lifetime Risk Predictions to HD Vest and Wealthcare Capital Customers

Market volatility and the increase in people relying on their investment portfolios for retirement make quality planning advice crucial for many individuals. With the upcoming launch of Financeware 2.0, Wealthcare Capital is teaming up with HD Vest to bring better tools to a wider range of financial advisors. This promises to provide a number of benefits to portfolio management customers whose advisors use the software.

Wealthcare Capital has introduced a new statistical engine which is capable of running 100,000 life time simulations a second. These simulations rely on a Monte Carlo model to identify actions with a high probability of success as well as the potential downside. This allows for more sophisticated predictions of long term risks associated with investment decisions. Rather than simply making decisions based on growth, an advisor can use these tools to help clients develop investment plans which balance risk in ways their clients are more comfortable with.

HD Vest is contributing more aggressive tax planning tools. While many people treat tax preparation as a reactive task, by incorporating tax rules directly into investment planning individuals can better prepare for this expense. By predicting the practical impacts of tax rates on different types of income, investment planning can anticipate after-tax returns which more directly reflect practical portfolio performance.

These two features combined put well planned and affordable investment advice within reach of retirement investors. And the more explicit identification of goals allows for plans to be better adapted to evolving portfolio performance throughout the year. Both companies bring considerable experience to the development of these tools. HD Vests has a network with more than 4,600 advisors managing $36 billion in assets. Wealth Capital provides advice on portfolios worth more than $1 trillion directly and another $1.5 billion through their independent advisor network.