3Q Solutions, a wealth management and financial planning technology firm, has launched its 'Income Protector' and 'Quiet Adviser' modular software solutions for financial services providers and independent financial advisers (IFAs).

The offerings aim to help financial businesses and IFAs to manage multiple wealth portfolios and develop closer and more profitable client relationships. The products seamlessly integrate real-time client details and market data into a clear graphic representation which the firm says helps clients to make informed decisions.

3Q's Income Protector enables financial advisers to analyse a client's balance sheet and then recommend the most effective course of action should their income stop. By illustrating the loss of income on assets held, Income Protector also highlights the ensuing risk of asset and lifestyle erosion if the recommended course of action is not taken.

The product analyses the client's entire balance sheet and their desired lifestyle costs, and through an inbuilt, sophisticated rules engine, translates the information into detailed but easy-to-understand graphical analysis.

3Q's Quiet Adviser provides a 'holistic financial check', enabling the adviser
to present a comprehensive overview and recommendations on the client's
asset growth and retirement provisioning. Via a user-friendly interface, the client's financial objectives are ascertained and their overall tolerance to risk is established using a form of psychometric testing.

The information allows Quiet Adviser to generate coherent short-, medium- and long-term agendas for future discussion between the adviser and the client about how investments and assets can continue to be managed profitably.

'The key to our products' success is that complicated financial data is transformed into graphics which are easy for the adviser to explain and the customer to understand,' said John Finan, chairman of 3Q Solutions. 'We demystify the financial labyrinth for clients in order to help them take stock of their finances as they answer our three key questions: Where are they now? Where do they want to be? And, most importantly, how can they get there?'