Retirement Planning
OPAL’s core mission is to help people with investment decisions. Especially under recent uncertain market conditions and volatility, this has been more relevant than before. OPAL Planning and OPAL for Salesforce support this mission by providing clients and advisors with specialized insights into expected retirement income and expenses, based on a holistic overview of a client’s financial situation. With full localization for the UK (DB Transfer, LTA, etc.) and the Netherlands (Pensioenakkoord, Variabele Premieregeling) OPAL Planning and OPAL for Salesforce enable decision support regarding pension products or specific decisions within a pension scheme, such as early retirement, reduced working hours or additional savings if possible. Based on configuration, insights into after-tax income and product characteristics for other regions and jurisdictions (e.g. Belgium, Germany) may be possible as well.
Unique Analysis based on Economic Scenarios
The Retirement Planning solution is unique on the market as it uses realistic portfolio projections of institutional quality, based on monthly updated economic scenarios for more than 700 asset classes. Rather than using a standard Monte Carlo model, our projections are not only based on historical performance, but also take complex patterns into account between asset classes and economic indicators, current market conditions and other market information such as the recent pandemic, Climate Change and central bank monetary policy. Realistic and high quality forward-looking projections are essential to enable relevant insights to clients and to make timely course corrections to their plan if necessary. These scenarios are tested and proven on the institutional market.
OPAL Features:
Scalable solutions for all advice channels
The OPAL platform is available through API’s as well as a plug and play user interface for advisors or PMs. Our high speed REST API enables organizations to implement the capabilities directly into existing platforms or client-facing web applications, e.g. to support robo-advice client journeys, hybrid advisor experience or other technology platforms such as CRM, Portfolio Management or Financial Planning software. The user interface can be linked to external data sources, supports single sign on and the look and feel can be adjusted to provide a seamless experience for the user.
Institutional grade economic scenarios
Scenario analysis helps the client to decide if the risks taken are acceptable and enables the advisor to manage the client’s expectations accurately. High quality scenarios lead to improved insight and subsequently to better investment decisions. The OPAL platform is founded on proven asset and liability management techniques from the world of institutional investments and gives access to the Economic Scenario Generator of Ortec Finance. This powerful stochastic projection engine generates real-world economic scenarios that reflect plausible future developments, which are built on sophisticated analysis of historical behavior, honed by over 40 years of serving the world’s leading institutional markets.
APIs for calculation & optimization
OPAL capabilities support global digital trends by offering access to a high-speed calculation engine, through multiple API modules, hosted in a private cloud (SaaS) or on premise. Our API’s are flexible and easily integrated into existing architecture, guaranteeing real-time web service and fast performance. It also supports hybrid solutions and delivers an optimal base structure for omni-channel strategies.
24/7 Monitoring, alerts & calls for action
One of the unique features of the OPAL platform is the ability to provide continuous monitoring of client goals. As clients financial situations or market conditions change, the feasibility of all client goals are automatically updated and support off track signaling, with calls for action if needed. Continuous monitoring of the risks, return and financial goals of individual clients for the entire client base allows for proactive and more efficient client management. Permanent monitoring simultaneously increases trust and satisfaction of the client and, as a consequence, positively impacts business retention.
Global solution, Local implementation
The OPAL platform is implemented in numerous countries. Our tooling offers multiple language packages and country specific asset classes, default portfolio settings and products. Our coverage extends to more than 700 global asset classes, including exotic categories such as hedge funds, private equity and debt. Additionally, we enable a multi-currency approach, supporting multi-country organizations and advisors with insights across risks and opportunities of cross-border accounts.
Integrated Cash Flow & Wealth Planning
The OPAL Planning module contains a cash flow planning tool that is localized for pensions, products and taxes in multiple jurisdictions. Validated by external experts, it enables integrated cash flow planning to easily identify possible budget shortfalls or surpluses, which supports efficient decision making. The combined approach creates a clear picture of a client’s personal financial situation development, and can be used to answer multiple client questions. OPAL differentiates itself from all other financial planning tools by integrating the effect of investment risks on the realization of expenditure goals.
We are not afraid to challenge each other
Tom Loonen of InsingerGilissen is convinced that the work of private bankers will not be made superfluous by digitization. Which does not take away the fact that digitization produces good tools that can help him facilitate customers.
“We appreciate that Ortec Finance positions itself as an independent party that also dares to pose critical questions about our governance, investment policy, and how we guarantee good risk management.”
If you would like to receive more information, a demo, or have any questions, please contact us below.
Contact
David Kronbichler
Managing Director
Sacha van Hoogdalem
Managing DirectorRelated Insights
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15 October 2021Webinar on MiFID II implementation by different EU private banksMiFID II requires private banks and wealth managers to demonstrate that the investment product or instrument they offer is suitable for their client. This suitability requirement also includes that the client has sufficient investment knowledge and experience to understand the functioning and the risks of the investment product(s) or instrument(s).
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29 September 2021Quarterly Scenario Webinar – Phasing out of extraordinary policy support measuresJoin us on October 21 for the latest edition of the Economic Scenario Outlook webinar. Our in-house experts Marijn Heijmerikx and Erik Henning will take a closer look at the economic outcomes resulting from the scaling down of extraordinary fiscal measures, and walk you through our unique methodology for long-term capital market assumptions.
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10 September 2021Willemijn Verdegaal is speaking at The Economist’s Climate Risk EuropeAligning a portfolio to net-zero targets does not necessarily mitigate all climate-related financial risks. What other material risks should you be addressing? What are the main risk drivers and what analysis tools can best quantify both portfolio temperature scores and financial risks? What are the strengths and limitations of low-carbon benchmarks?
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07 September 2021Ortec Finance COO Martijn Vos in CIO’s top 20 global most influential knowledge brokersEach year, CIO asks a varied group of respected chief investment officers and allocators which consultants and advisors have “done right by them” for the current markets.
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03 September 2021Don’t Shy Away from Extreme Weather, Act on ItLast month’s IPCC report should be a call to action for investors - an incentive to start by creating net zero aligned and climate resilient portfolios. Portfolios need to be adapted to extreme weather and a disorderly transition. It is wonderful to see that many of our clients have already started on this journey. However, thinking through the financial impacts of various climate risk scenarios and creating a net-zero roadmap may feel somewhat overwhelming.
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26 July 2021Missed our Q2 2021 Scenario Webinar? Access it here
Download materials if you missed our Q2 webinar - The return of inflation and the frequency domain toolkit for economic modeling by Hens Steehouwer and Patrick Tuijp.
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26 July 2021Quarterly Outlook: June 2021The outlook is based on the Ortec Finance Economic Scenario Generator (ESG) and offers our perspective on recent developments in the economy and capital markets.
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22 July 2021OPAL featured in Arena International’s Financial HandbookWe are proud to be included in Arena International’s Financial Services Disruptive Technology handbook with the OPAL solution. This in-depth look at new technology, trends and innovation within the Financial Services industry is the go-to reference guide for professionals in retail banking, insurance, private banking and wealth management.
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21 June 2021Stargazing? Or have the NGFS and the Bank of England missed an opportunity to drive the race to net zero?‘We are all in the gutter, but some of us are looking at the stars’, wrote the Irish playwright Oscar Wilde. The oft-quoted phrase came to mind when reading the influential reports by the Network for Greening the Financial System (NGFS) – a group of 91 central banks and supervisors that came with its second iteration of climate scenarios – and the Bank of England’s (BoE) second iteration of its Climate Biennial Exploratory Scenarios (CBES), both published this month.