June 18

New online tool gives users a ‘snapshot’ of their financial well-being

first_img Facebook LinkedIn Twitter “Light planning” could expand access to financial advice Winnipeg-based IG Wealth Management has introduced a new online tool designed to give users a snapshot of their financial well-being in less than 15 minutes, the firm said in a release on Tuesday. The IG Living Plan Snapshot uses a combination of advanced artificial intelligence and data algorithms to assess individuals on five criteria related to their household’s financial life and assign them a score of 0-100. FSRA updates title reg proposal Keywords Financial planningCompanies IG Wealth Management FP Canada, IQPF update projection assumption guidelines amid pandemic According to the release, users are evaluated on:managing cash flow and daily spending;planning for major expenditures such as real estate;preparing for the unexpected with insurance and emergency funds;optimizing retirement savings; andsharing one’s wealth through a charitable giving strategy and estate planning.“Financial well-being is about more than just investing and returns,” Jeff Carney, president and CEO of IG Wealth Management, said in a statement. “What makes the IG Living Plan Snapshot truly unique is that it provides a holistic and comprehensive measurement of all aspects of a household’s ability to realize its financial goals.”In September, MoneyGaps —  an online tool that allows independent financial advisors to offer prospective clients a “lighter financial planning experience” — was launched by wealth management consultant Preet Banerjee.The IG Living Plan Snapshot is intended for users who do not yet have a comprehensive financial plan or don’t think their current plan encompasses all aspects of their financial life. Maddie Johnson Related news Share this article and your comments with peers on social media Portrait of smiling woman in office with tablet Mark Bowden / 123RFlast_img

Tags: , , , , , , , , , , ,
Copyright 2021. All rights reserved.

Posted June 18, 2021 by admin in category "ixrbaptme

Leave a Reply

Your email address will not be published. Required fields are marked *