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Value for money
Based on 7 reviews
Truth® pioneered lifelong financial planning software in the UK back in 1984.
Truth Software is the most advanced and powerful financial planning and cashflow modelling software on the market. Cashflow modelling provides a comprehensive view of the future. In other words, how your client’s personal circumstances and finances fit in with their specific life goals – and what changes or financial products might be required in order to achieve them.
Detailed and dependable tax calculations make retirement planning easy – simply change benefits to help clients understand the Income Tax, Lifetime Allowance, and lifelong implications of their decisions.
Truth will provide you with an accurate, in-depth analysis of the affordability of your client’s financial future and the tools to help them make informed decisions, and produce comprehensive, flexible, branded reports to help you maintain a robust audit trail.
But having the right tools isn’t enough – as the saying goes: the tool is only as good as the person using it. This is why we focus on helping our customers get the very best results from our software – we’re renowned for our top-class support and training, and have a UK-wide network of free regional User Groups.
Truth is the third most popular cash flow modelling tool, used by 8% of financial planners, coming a distant third after CashCalc and Voyant. Like CashCalc and Voyant, it receives good reviews from financial planners, with an average score of 7.7 out of 10 for willingness to recommend. Truth is more likely to be used by directly authorised advisers at smaller firms with between 2 and 10 employees.
No integrations available for Cash Management
No integrations available for Client Portal
Old Mutual Wealth
Adviser Office (IRESS)
Intelligent Office (Intelliflo)
Plum Software (Praemium)
FinaMetrica Profiler (PlanPlus)
Integrates One Way
Integrates Both Ways
I've been a Prestwood/Truth user for many years, and whilst in the early years it took me a long time to get my head around how to input plans and data into the model, I now find that the complexity leads to greater accuracy.
Recent upgrades to the interface have improved usability, and there are many excellent tools which are great in client meetings.
Lifetime cash flow modelling is at the heart of our client engagement process and we couldn't do our job without the software.
Having looked at Voyant and CashCalc as alternatives, I can see the appeal for a more simplistic... read more input process, and I like some of the visual layouts of these tools, but I find the loss of accuracy doesn't make up for what Truth offers.