NZ Funds launches latest fintech tool for advisers

WealthPlan is “a cloud-based adviser-driven robo-planner solution, that is based on over 10 years of experience in providing advisers with financial planning technology,” chief investment officer Michael Lang says.

Unlike most robo-advisers, NZ Funds’ technology is specifically designed for clients with substantial wealth where the role of the adviser is an integral part of the proposition.

“Ten years ago we were sitting in client meetings trying to help them understand the merits of sticking with an investment portfolio which had just dropped in value. These clients quite reasonably asked, “where might I be in 12 years if I stick with my portfolio and continue regularly saving?””

“If the client had only asked how much a static portfolio would grow by, we could have estimated the outcome using the rule of 72 or a calculator. However, clients were also asking us to take future regular savings programmes into account, so the 12C calculator went out the window. You needed an Excel spreadsheet.