Optimo Financial's principals, Hugh Bannister and Dr. Ken Stocks, began business life as mathematical modellers. For over 30 years they have used mathematical optimisation techniques to build energy and financial models and provide advisory services to a wide range of Australian and international clients including major banks, regulators and government policy advisers. One product, Apollo, is still used by major banks and is used to structure the financing of large infrastructure projects.
Around 2009, they started to look to their own financial affairs and after learning about all the complex rules for super, tax and the pension, they realised it was another problem they could solve with optimisation. So they used their extensive experience in mathematical optimisation and long-term financial modelling to develop a financial strategy development software called Optimo Pathfinder®.
We believe that Optimo Pathfinder® brings an innovative perspective to the challenges of financial planning and is the only financial planning software that can create Strategy Papers that are optimised and comprehensive.
Today, Optimo Pathfinder is available directly to advisers through Pathfinder Online and through our paraplanning Strategy Development Services (SDS).
How does it work?
Optimo Pathfinder® uses a robust and sophisticated mathematical optimisation process to produce holistic, optimised financial strategies tailored to your client’s situation and goals.
Optimo Pathfinder® requires input data consisting of the current financial status of the client, future or recommended investments, lifestyle goals and personal preferences.
From this input, Pathfinder® then works out the best strategy within minutes using an industrial grade optimiser and its patented algorithm. The algorithm has all the government and market rules built-in so the strategy not only keeps within these rules but takes best advantage of them. The optimiser performs literally millions of calculations and moves funds dynamically to test the outcome of each decision, year-by-year, it will find the best path to reach the client’s goals and maximise their financial outcome. The mathematical optimisation within Pathfinder® produces high quality financial strategies consistently and efficiently.
A further advantage of Pathfinder®’s optimisation process is that it covers all aspects of the clients’ specific situation. The strategy is calculated holistically, rather than in separate modules. For example, in a single case it can find the best balance between directly owned assets and a SMSF while also accounting for transition-to-retirement and working out whether any loan repayments should be above the minimum. It works out each strategy based on the specific input data to create a tailored strategy and does not follow trends or biases. Pathfinder® takes the guesswork out of strategy development.