about the author:
Kelton Corcoran
Senior content marketing specialist
Kelton Corcoran is a senior content marketing specialist at Advicent, the financial planning technology provider of choice for nearly 100,000 financial professionals.
June 5, 2019 by Kelton Corcoran
about the author:
Kelton Corcoran is a senior content marketing specialist at Advicent, the financial planning technology provider of choice for nearly 100,000 financial professionals.
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.
Download our whitepaper to learn more about the benefits of utilizing Monte Carlo to differentiate your business from the competition.
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