FE CashCalc vs MyOwnFP

FE CashCalc is an online financial planning suite for advisers that creates lifetime cashflow plans. Its modelling includes deterministic, stochastic and gross cashflow approaches, market simulations and stress testing. Advisers can map goals and life events on a visual timeline, then produce client-friendly reports comparing current and proposed plans. More than 35 calculators cover topics including pensions, mortgages, equity release, school fees and inheritance tax. Mortgage and protection planning is built in, with 10 calculators and stress tests at no extra cost. The service is available on web, iOS and Android, and advisers and clients can use the app to access an account or Portal. An optional Nexus Assistant records client conversations and completes fact-finds with an audit trail. The individual adviser licence is listed at £80 a month, billed at £80/month + VAT, and includes one free paraplanner licence. Larger firms can request bespoke group pricing.

MyOwnFP is web-based financial planning software for Canadian do-it-yourself investors and financial advisors. It supports cash-flow modeling, tax planning, investment planning, and scenario analysis. Users can build scenarios, compare them, and save useful versions for later review. Planning views include a financial planning grid, cash-flow visualization, account charts, and scenario comparisons. The models cover Canadian accounts and benefits such as TFSA, RRSP, CPP/QPP, OAS, GIS, and pensions, with federal, provincial, and territorial tax tables. Subscribers can share a client with another MyOwnFP subscriber, including an advisor. The service runs on AWS in Canada, according to the company, and uses HTTPS for browser communication with encryption at rest. Google handles login and Stripe processes payments. Banking information is not required. A free plan is available; Standard costs $40 a year for five clients, and Unlimited costs $140 a year for unlimited clients.