TrueNorth – A component of Altertude

Andre Lindeque
Senior Servicing Consultant  

Altertude, introduced in a previous edition of The Trendline, has it’s cornerstone TrueNorth, GTC’s in-house financial analysis platform.  TrueNorth was created – in consultation with independent actuaries – to consolidate an investor’s financial information, providing them with a holistic overview of their financial wellness in real time.

Naming convention

In the early days of sailing and navigation, explorers learnt the material difference between the different directions which a compass bears, being either magnetic or true north.  In addition to the compass direction, finding one’s true north has come to mean a personal self-realisation of one’s values, life purpose and direction.  Investors who engage with TrueNorth will receive accurate guidance and are more likely to get to where they are heading, not falling short or getting lost along the way.  Both connotations have meaning for our financial planning tool. 

What is it?

Investors seeking empirical information – devoid of personal bias, populist thinking, and product provider favouritism – have access to TrueNorth.  GTC’s sophisticated financial planning toolkit, TrueNorth, enables personalisation of variables to create, match and maintain an investor’s life-long plan in their pursuit of financial wellness. 

TrueNorth dispassionately and objectively assesses risk, objectives, outcomes, and complex scenario assumptions.  This powerful algorithmically driven programme, provides an investor with the equivalent of many human capabilities and hours, as could be compared with a significant undertaking from within a large old-school financial advisory practice. 

TrueNorth’s intrinsic embedded data seamlessly integrates into GTC’s investor and retirement fund member capabilities, enabling independent actuarially driven scenario planning.  Investors and fund members are encouraged to use GTC’s qualified professional financial advisors for detailed or complicated financial planning.  TrueNorth is a powerful tool and an ever-present objective overseer, and an impartial ‘devil’s advocate’.  

TrueNorth allows users to plan for different scenarios relative to their current and future financial positions.  Each scenario is tracked and recorded for future reference.  Clients can access the system with or without a GTC financial adviser.  However, it is simpler under the guidance of a financial advisor as they are aware of which products are most suitable to solve differing financial situations which clients may encounter and are able to make appropriate product recommendations.  

Financial advisors are also knowledgeable of the different investment portfolios and their respective mandates and can advise which would be most suitable to meet performance needs and match risk and return profiles.

Click here for a sneak preview.

To access the TrueNorth system, contact our MAPS team who will gladly guide you through this process.