UK Fintech Rosecut, which Offers Wealth Management Services, Introduces Free Tools for Managing Finances

Rosecut, a wealth management service provider, has introduced free tools that were previously available only to high-net-worth-individuals (HNWIs).

The Fintech company’s wealth management software suite has been designed to help clients with planning how to achieve their financial goals or objectives. The Wealthtech suite allows people to create their own balance sheet and also manage their cashflow.

Rosecut’s personal wealth balance sheet helps clients with managing their income, which includes monitoring how they can spend all investable assets and liabilities. The financial management suite also helps people with establishing an emergency fund, which can help them during a time of crisis or unexpected situations during which they are not generating any income.

Rosecut has also developed a special cash flow projection tool, which helps individuals with getting a better idea about their current financial situation. The tools also include a strategy board, which allows people to get more context or background information around the financial decisions they are planning on making. This may include context that can help them figure out how to manage their income, savings and also plan out their retirement.

Rosecut’s financial balance sheet may be used to figure out how much liquid wealth a person might have, so that they can determine how much in total assets they are able to invest. The balance sheet can also help with making cash flow projections, which offer insights on how to plan for future life events including retirement and the ideal age for retirement (which may vary for different people based on their financial status and other factors).

Qiaojia Li, co-founder and CEO at Rosecut, stated:

“The right financial planning today can transform how much wealth you have in the future, but most people don’t have access to the information and knowledge they need to make the financial decisions that will help their future selves.” 

Li added:

“Our new cash flow tool uses financial modelling that until now has only been accessible to the uber-rich who have professional wealth managers. We’re breaking open the secretive and opaque private banking industry by giving universal access to that level of financial knowledge.” 

Wealth or financial/money management solutions are being launched across the globe in order to help consumers manage their finances. Australian Fintech WeMoney recently secured $2 million in seed funding to launch a financial wellness platform.

Razer Fintech and Franklin Templeton will be offering digital wealth management services to Millennials in Singapore and other Asian countries.

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