Summary:
The 'Cashflow Chart' lets you visualize and explain cash flow scenarios to your clients, demonstrating the value of your advice.
The feature clearly illustrates income, spending, withdrawals, and contributions over time.
We provide four different scenarios to see the difference in cash flow over time.
The chart is in real terms, which means that it is inflation-adjusted
The chart comes in 'Basic' and 'In-Depth'. The 'Basic Cashflow Chart' provides an overview, while the 'In-Depth Cashflow Chart' offers a detailed breakdown of the cash flow components.
Description:
The Cashflow Chart feature empowers you to visualize and present different financial scenarios for your clients in a highly intuitive, graphical manner. This feature facilitates powerful conversations and shows the value of your advice by illustrating various aspects such as income, spending, contributions, withdrawals, and taxes over time.
Here's how to leverage this feature to deepen your client conversations and help them make more informed financial decisions.
Basic vs In-depth Cashflow Chart:
The 'Basic Cashflow Chart' offers a broad view of the income, withdrawals, spending, and contributions over time. You can easily see when there is a surplus, shortfall, or withdrawal. The Total need is the sum of contributions from Income sources and total spending.
However, if you want to delve deeper into the specifics of cash flow, use the 'In-Depth Cashflow Chart'. This feature breaks down each cash flow component (e.g., income sources, different expenses, withdrawals) to provide a more detailed view of your client's financial situation.
Conclusion:
The 'Cashflow Chart' chart empowers you to offer a more comprehensive service to your clients. As you guide them through their financial planning journey, this feature helps you present complex financial concepts in a more accessible and visual way, demonstrating the value of your advice.