Fully integrated holistic planning solution available in SA

Goal Gauge is an online tool that enables financial advisors and their customers to more accurately and efficiently determine and plan their retirement goals and objectives.

By enabling deeper financial insight, it is now possible for financial advisors to better assess the likelihood of their customers achieving future financial objectives, providing the opportunity to adjust retirement savings strategies as required. Goal Gauge is the first fully integrated holistic planning solution available in South Africa.

Goal Gauge is a new application within the Figlo Platform, the integrated holistic planning solution helps the customer determine whether their retirement goal is achievable, what asset allocation is required to optimise it and how to align and update current and new investments to achieve these goals.

Maarten Boddeus

"Knowledge is power when it comes to retirement planning, setting retirement goals and actions is one of the best ways to kick-start and best manage retirement planning," says Yellowtail's Maarten Boddeus, Principal Consultant and Figlo Specialist.

"Our clients are looking to improve the quality of advice they give their customers; Goal Gauge is a nifty tool that it enables this. Now financial advisers are more easily able to provide accurate and targeted advice, delivering a plan that is tailored to the customer's life goals."

Goal Guage was developed to enable financial services organisations to improve the quality of retirement planning advice they offer through a process defined as 'direct insight'. By inputting data into the application, financial advisors are able to assess whether their customer will achieve their investment objectives. For instance they are able to assess whether the savings and investment products remain relevant to the profile and what effect depositing cash or changing the risk appetite will have.The program utilises simple graphs and diagrams, making the information easier to understand.

"There is a need for both the financial advisor and their customer to better manage retirement planning. The ability to adjust these plans along the customer's journey will ensure that better, robust retirement planning is available to all. At Figlo we are committed to delivering adaptive software solutions that help more customers better prepare for retirement," concluded Boddeus.