Is your planning strategy a sure bet or a gamble?
Whitepaper | Providing higher value to clients by utilizing Monte Carlo analysis
Monte Carlo, or probability simulation, is used to determine and understand the risk and uncertainty involved in financial management. By specifying and subsequently modifying the capital market assumptions within your financial plan, Monte Carlo analysis can be a powerful tool in the financial planning process. Through the random sampling and measuring the successes and failures of the financial plan of an individual, you can estimate his or her probability of success.
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