(PRWEB) May 9, 2005
financeXpert.com, Inc. today announced it will release the beta version of its ground breaking Financial Guidance SystemÂ (FGS) to a select group of financial advisors on June 1, 2005. This program is intended to provide critical feedback and real-world testing in anticipation of the platformÂs release in July of 2005.
Financial Guidance SystemÂ, a web-based platform built on the powerful .Net platform, is the first technology solution designed specifically to help advisors focus on managing client behaviors rather than predicting market performance.
According to company co-founder, Larry Fowler, ÂThe biggest factor in your clientÂs success is how they handle their money, including how and when they spend it, during different phases of a market cycle. financeXpertÂs technology focuses on innovations that help advisors steer clients away from serious mistakes.Â
Since investors tend to make their biggest mistakes during periods when their portfolios are not performing according to expectations FGS includes features that help advisors manage ÂEvent RisksÂ. As an example, advisors will be able to plan asset allocations at the account level, enabling them to have different risk profiles for different goals.
To help advisors transition their practices to meet the changing service needs of tens of millions of retiring ÂBoomersÂ FGS employs an Âendowment approachÂ to retirement planning. Says Fowler, ÂBy now itÂs obvious that the tools that advisors need for managing retirement distributions are different from the ones they used to help clients accumulate wealth.Â
In a major departure from traditional solutions, FGS gives advisors the ability to stress-test financial decisions using a range of realistic simulations. Allowing clients to experience a Âfinancial simulatorÂ using actual market data, rather than basing recommendations on traditional projections, helps advisors change their focus from Âgetting the right answerÂ to understanding and managing the factors that drive client behaviors.
General release of Version 1.0 is planned for July 5, 2005. Future releases are planned to include direct links to a variety of data sources, allowing advisors to automatically update simulations whenever they choose.
About financeXpert, Inc.
financeXpert, Inc. is a Washington State corporation, founded in 2001. financeXpert designs, develops and licenses web based financial management software, on a subscription basis, to independent financial advisors, banks, brokerage firms and trust companies to help them improve customer retention, boost recurring revenues and increase profitability. financeXpert technology empowers financial advisors to provide meaningful financial services to their clients with greater frequency.
For additional information contact:
Larry Fowler, President and Co-Founder
Telephone Number: 425-458-4998
Email Address: firstname.lastname@example.org
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