Investor worries about retirement are skyrocketing due to higher volatility and the stock market crash brought on by the coronavirus. HiddenLevers, a premier tech provider in the wealth management space, announced the launch of new financial planning features, including cashflows stress testing, to help financial advisors tackle these worries head on.
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“In this next phase of humanity, retirement planning conversations won’t be dominated by unicorn equity or that big boat purchase,” said Raj Udeshi, HiddenLevers Founder. “Advisors need to illustrate how coronavirus and the induced recession could impact cashflows, and then showcase how they can help prevent such retirement shortfalls. Marrying risk and planning – that’s where HiddenLevers shines.”
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The new feature set, which is already live, includes a goals builder, estate planning, income + liabilities, and a cashflows sandbox with adjustable assumptions. But the killer feature is stress testing of cashflows. Advisors can show the impact of good, bad, and ugly versions of scenarios like coronavirus pandemic, global recession, and a low rates environment.
“Stress testing is not just lobbing scenario bombs to gauge financial plan fragility,” said Audrey Satre, who works on HiddenLevers’ product team. “It’s also about explaining how the recovery plays out in future cashflows. Advisors can properly answer both sides of the relentless client question – what will the impact of coronavirus fallout be on my retirement?”
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