Nationwide Advisory Solutions and Great-American Life have both used Monte Carlo simulation technology to develop new online tools aimed at registered investment advisors, and at RIAs’ retirement-planning clients.
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Here’s a look at the company’s new tools.
Nationwide Advisory Solutions
Nationwide Advisory Solutions — the Louisville, Kentucky-based arm of Nationwide Mutual Insurance Company that used to be known as Jefferson National — has introduced a new online portfolio performance calculator and proposal generator.
The company put the tool on a hub it already offers for RIAs and fee-based advisors.
The tool can pull in data from clients’ taxable accounts as well as their tax-deferred accounts, to help advisors, and clients, see the big picture.
Designers have also tried to help advisors, and clients, see what might happen to a client’s portfolio in a wide range of conditions, by building in 250 randomized Monte Carlo simulations created using historical market data, so that users can compare what happens to investments in a taxable account and investments in a tax-deferred investment-only variable annuity.
Users can customize the inflation rates and portfolios used in the projections.