Advisory firm Hoxton Capital Management has added a feature to its app to help clients with their wealth planning.
Launched next week (April 22), WealthFlow, an enhancement to Hoxton’s Wealth app, aims to offer clarity and insights into the growth of assets at different phases of life.
This, according to the advisory firm, empowers people to manage their assets effectively and plan for financial independence.
Hoxton Capital Management managing partner, Chris Ball, said that, for those who aspire to achieve financial clarity and plan for a secure retirement, WealthFlow will provide a “comprehensive tool” for proactive users.
This will allow them to “model their wealth, manage their assets, and determine an optimal retirement age”.
“WealthFlow isn’t just about numbers though. It’s about dreams, aspirations, and securing the future you desire,” Ball added.
“It is about financial empowerment, future planning, and goal achievement, whether you’re an entrepreneur, investor, or a retiree.”
Hoxton also said that WealthFlow enables users to “envision their financial future” by providing insights and uncovering potential challenges.
By tracking assets, including investments, vehicles, properties, and custom assets, WealthFlow can help ensure that funds are passed down “seamlessly” to future generations.
Hoxton also detailed the app will offer a centralised visualisation of how one person’s asset base will provide for them later in life and helps to answer whether they have “enough”.
This is done through displaying assets like cash accounts, investments, and pensions.
Using this, the feature projects the growth of all of the user’s assets at different phases of their life and allows them to see their cash accounts in every currency, along with investments and pensions in a single place.
“Simple and free, WealthFlow enables users to model their retirement and project their wealth through a user-friendly interface with built-in security measures to ensure peace of mind,” the firm added.
tom.dunstan@ft.com
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