Individual adults need to plan their finances to meet variety of short- and long-term goals like holidays, becoming parents, buying a house, college expenses for children, buying a car, medical expenses, retirement and various statutory expenses. Investing in various assets in order to best meet these life goals is a challenging problem and valuable service that banks would like to extend to its customers. Radix has developed a software to create a recommended asset portfolio with requisite pay-out and investment switching rules to best meet these goals. It accounts for relative importance of goals, drawdown risk, capital market assumptions and long-term inflation rates.
